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Indonesia Energy Corporation Limited reports operational developments for its oil and gas exploration and production business focused on Indonesia. Recurring updates center on the Kruh Block, including drilling preparations, well-site activity, equipment procurement and production-related planning, along with development commentary for the Citarum Block.
Company news also covers investor-conference presentations, exposure to global oil-price conditions, and energy-opportunity evaluations outside Indonesia. INDO's updates generally connect field activity, asset development and capital-market communication for an independent energy company with revenue tied to oil and gas sales.
Indonesia Energy Corporation (NYSE American: INDO) reported that its K-29 well at the Kruh Block in Sumatra was spudded and drilling commenced on Saturday, July 25, 2026, targeting a planned total depth of 3,400 feet. This is the first of two new planned wells at Kruh Block in 2026.
Following completion of K-29, IEC plans to begin drilling at the WK-5 wellsite, with preparatory work progressing as planned. Both wells are on IEC’s 63,000-acre Kruh Block. The company also plans to start periodic YouTube Live sessions within 30 days to provide operational updates and live Q&A for shareholders and prospective investors.
Indonesia Energy (NYSE American: INDO) announced the start of operations at its K-29 well in the Kruh Block, marked by an executive site visit. Preparations are also advancing for drilling at the WK-5 well.
According to Indonesia Energy, it has submitted environmental clearances to potentially drill 30 additional Kruh Block wells before 2035. Under its Pertamina contract, all crude produced is to be purchased in US dollars at Brent-linked prices, less transportation costs.
Indonesia Energy (NYSE American: INDO) will present at the Planet MicroCap Las Vegas 2026 conference on Wednesday, June 17, 2026 at 2:00 PM PDT at the Bellagio Resort & Hotel. President Frank Ingriselli will update investors on drilling of the K-29 well at Kruh Block, where pre-drilling operations have commenced.
He will also hold one-on-one institutional investor meetings and has recorded a CEO video interview available online.
Indonesia Energy (NYSE American: INDO) reported that the rig at Kruh Block has been successfully lifted, passed its safety check, and installation and setup for the K-29 well are complete. Internal function testing is underway and the company remains on schedule to start drilling its first of two planned wells in late June 2026, with WK-5 expected to follow.
Indonesia Energy Corporation (NYSE American: INDO) completed rig mobilization for the K-29 well, the first of two planned 2026 wells at the 64,000-acre Kruh Block.
IEC targets a late June 2026 spud date and plans to drill the WK-5 well next, amid stronger global oil prices.
Indonesia Energy (NYSE American: INDO) will present at the Market Movers Investor Summit on May 5, 2026 at 1:20 p.m. ET. President Frank Ingriselli will update on operations at the 63,000-acre Kruh Block and two new wells, K-29 and WK-5.
Pre-drilling work has commenced: drilling pads are built, pipe, bits and wellheads delivered, a rig has been selected and inspected, and rig BMA #9 is en route, with drilling expected before the end of next month.
Indonesia Energy (NYSE American: INDO) reports pre-drilling progress for two planned wells (K-29 and WK-5) on its 64,000-acre Kruh Block. Drilling pads are built, long-lead equipment delivered, and rig BMA #9 has been selected and inspected.
IEC expects to start drilling the first well within approximately 60 days and says permits were secured after delays from severe Sumatra flooding destroyed the planned access road.
Indonesia Energy (NYSE American: INDO) announced its President Frank Ingriselli will present on January 28, 2026 at the DealFlow Discovery Conference in Atlantic City, New Jersey.
Mr. Ingriselli will provide updates on IEC’s drilling operations at the 63,000-acre Kruh Block, where pre-drilling operations have commenced for two new back-to-back wells (K-29 and WK-5). Drilling pads are constructed and drilling pipe, drill bits and wellheads have been delivered. The company remains on target to commence drilling both wells before the end of Q1 2026. An updated corporate presentation will be available on the company website prior to the conference.
Indonesia Energy (NYSE: INDO) reported pre-drilling progress for two planned wells (K-29 and WK-5) on its 64,000-acre Kruh Block in Sumatra and said it remains on target to begin drilling the first well before the end of Q1 2026.
Key operational milestones include constructed drilling pads for K-29, delivered pad components for WK-5, delivery of drilling pipe, drill bits and wellheads, selection of a drilling rig now under inspection, and approved procurement and transport of government-controlled drilling explosives to a designated warehouse. The company will present an update at the DealFlow Discovery Conference on January 28, 2026.
Indonesia Energy Corporation (NYSE: INDO) signed a Memorandum of Understanding on October 24, 2025 with Aguila Energia e Participações Ltda (AEP) during the state visit between the presidents of Indonesia and Brazil.
The MOU creates a cooperative, non-binding framework to jointly identify and pursue opportunities to develop two hybrid off-grid pilot projects in Northeast Brazil integrating solar power and natural gas. Each pilot could start at 10 MW initial capacity with potential expansion up to 400 MW. The agreement follows an earlier August 2025 non-binding MOU and aims to combine IEC’s oil and gas and capital markets experience with AEP’s local transaction and regulatory capabilities to explore state-funded and other financing sources.