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Indonesia Energy Corp Ltd - INDO STOCK NEWS

Welcome to our dedicated news page for Indonesia Energy (Ticker: INDO), a resource for investors and traders seeking the latest updates and insights on Indonesia Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Indonesia Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Indonesia Energy's position in the market.

News
Indonesia Energy to Present at The Microcap Conference in Atlantic City on January 31 and again on February 1, 2024
Rhea-AI Summary
Indonesia Energy Corporation (INDO) announced President Frank Ingriselli's presentation at The Microcap Conference to discuss the positive impact of the recent Kruh Block contract extension. The amended contract with Pertamina increases INDO's profit split by over 100% and is expected to increase proved reserves by over 40%. Anticipated net cash flow calculations are expected to rise by over 200% compared to the prior contract. Ingriselli aims to maximize returns on investments and grow shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
conferences
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News
Senior Executives of Indonesia Energy Take on New Roles and New Board Member Added
Rhea-AI Summary
Indonesia Energy Corporation (NYSE American: INDO) has announced changes in its management team and Board of Directors, aiming to drive enhanced development programs at its Kruh Block and early commercialization of the Citarum Block. The company has appointed a new Chief Operating Officer, Chief Technology Officer, and an independent member to the Board of Directors. The appointments are effective as of January 16, 2024, with the company planning to provide further details on its investments and drilling operations in the coming weeks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.96%
Tags
management
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News
Indonesia Energy to Present at H.C. Wainwright 25th Annual Global Investment Conference On Tuesday, September 12, 2023
Rhea-AI Summary
President Frank Ingriselli will present an update on development plans and recent Kruh contract extension at the H.C. Wainwright 25th Annual Global Investment Conference. The contract term for the Kruh Block has been extended by 5 years, increasing IEC's after-tax profit split from 15% to 35%. Anticipated net cash flow calculations based on the Kruh Block development plan are expected to increase by over 200%. IEC plans to conduct a workover of the Kruh-21 and Kruh-28 wells, with production anticipated to begin in 2024. A 3D seismic program will be conducted in early 2024 to estimate the size and potential of new oil and gas reservoirs. IEC plans to drill a total of 18 new wells at Kruh Block by the end of 2026. In the Citarum Block, IEC expects to receive an environmental permit for seismic data acquisition in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
conferences
News
Indonesia Energy Announces Five-Year Extension of its Government Contract for Kruh Block
Rhea-AI Summary
IEC's profit share increases by over 100% with amended contract, expected to increase proved reserves by 40% and net cash flow by over 200%. Development plans for Kruh Block include workover of K-21 and K-28 wells in 2024. Seismic program in early 2024 to estimate new reservoirs. Excitement for future drilling and potential positive shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
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none
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News
Indonesia Energy Announces Updates on Discovery Wells Drilled in 2022 and Development Plans for 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
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News
Indonesia Energy Announces Production Updates on Kruh Wells 27 and 28, the Two Back-to-Back Discovery Wells Drilled in 2022
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
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none
News
Indonesia Energy To Present at LD Micro XV Annual Main Event Investor Conference on Wednesday, October 26th at 1:30pm PDT
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
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conferences
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News
Indonesia Energy Discovers Oil at Kruh 28, the Second of Two Back-to-Back New Wells at Kruh Block in 2022
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
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none
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News
Indonesia Energy Discovers Potential Natural Gas Reservoir During Current Drilling of Kruh-28 Oil Production Well
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.64%
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none
News
Indonesia Energy Commences Drilling of Second of Two Back-to-Back Production Wells at Kruh Block
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.83%
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Stock INDO logo
Indonesia Energy Corp Ltd

NYSE:INDO

INDO Rankings

#4849 Ranked by Market Cap
#4462 Ranked by Stock Gains
N/A Ranked by Dividends

INDO Stock Data

50.40M
4.75M
53.13%
0.51%
0.03%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Indonesia
Jakarta

About INDO

indonesia energy corporation ("iec") is an integrated energy resources development company engaged in exploring indonesia’s oil and gas sector potential. along side with operational excellence, iec has set the highest standards in its ethics, safety and corporate social responsibility practices to ensure that the company’s existence adds value to society. led by a professional management team with extensive oil and gas experience, iec brings forth at all times the best of its expertise to ensure the sustainable development of a profitable and integrated business model.  we believe that iec will directly contribute to reshaping indonesia’s energy sector unleashing sustained growth for the economy in the decades ahead.