Jakarta, Oct. 6 -- Indonesia's sovereign wealth fund, Danantara Indonesia, announced a US$250 million investment in Texas-based oil and natural gas company HighPeak Energy, Inc. (NASDAQ: HPK), through its investment holding arm, PT Danantara Investment Management (DIM).

HighPeak Energy specializes in the acquisition, development, and exploration of oil and natural gas in the Permian Basin - the largest crude oil-producing region in the United States. The transaction is being executed through the issuance of convertible preferred stock across multiple tranches.

"This investment aligns with our mandate to invest in strategic sectors that yield sustainable long-term returns while supporting Indonesia's national interests," Chief Executive ...