Indonesia Energy to Present at 3rd Annual DealFlow Discovery Conference on January 28, 2026
Rhea-AI Summary
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.
Positive
- None.
Negative
- None.
News Market Reaction
On the day this news was published, INDO declined 8.11%, reflecting a notable negative market reaction. Argus tracked a peak move of +7.9% during that session. Argus tracked a trough of -5.5% from its starting point during tracking. Our momentum scanner triggered 33 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $6M from the company's valuation, bringing the market cap to $71M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
INDO is up 7.8%, while most high-affinity peers like VOC, USEG, CRT, and NRT show modest declines and only PRT is slightly positive, indicating a stock-specific move rather than a sector-wide shift.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 09 | Kruh wells progress | Positive | -4.5% | Detailed pre-drilling update for K-29 and WK-5 at Kruh Block. |
| Oct 24 | Brazil MOU signed | Positive | -4.4% | MOU for Brazilian hybrid solar and natural gas pilot projects. |
| Sep 09 | First well ops start | Positive | +1.4% | Operations commenced on first of two new wells at Kruh Block. |
| Sep 03 | Investor conference | Positive | -0.3% | Presentation at global investment conference covering key assets. |
| Aug 19 | Brazil expansion MOU | Positive | -4.2% | Non-binding MOU to explore energy opportunities in Brazil. |
Positive operational and partnership updates have often been met with negative next-day price reactions, suggesting a pattern of selling into good news.
Over the last six months, INDO has repeatedly highlighted operational progress at the Kruh Block and expansion initiatives in Brazil. News on pre-drilling progress for wells K-29 and WK-5 on Jan 9, 2026 and earlier drilling milestones at Kruh Block, as well as MOUs for Brazilian hybrid projects, generally led to muted or negative 24-hour moves, despite constructive content. The current conference-focused update fits this pattern of ongoing project communication.
Market Pulse Summary
The stock moved -8.1% in the session following this news. A negative reaction despite operational updates at the Kruh Block would fit a pattern where prior positive announcements, including drilling progress and Brazil MOUs, frequently saw weak 24-hour performance. With shares previously reacting negatively to four of the last five news items, traders have often sold into strength around updates. Future price behavior depended on tangible execution beyond conference presentations and planned wells.
Key Terms
pre-drilling operations technical
drilling pads technical
wellheads technical
AI-generated analysis. Not financial advice.
President Frank Ingriselli will Provide Update on Two New Wells at Kruh Block, Where Pre-Drilling Operations Have Commenced
JAKARTA, INDONESIA AND DANVILLE, CA, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that IEC’s President Frank Ingriselli will be making a presentation on January 28, 2026 at the upcoming DealFlow Discovery Conference taking place in Atlantic City, New Jersey,
During his presentation, Mr. Ingriselli will provide more updates on IEC’s current drilling operations at Kruh Block, as well as other current information about IEC.
In addition, a new updated corporate presentation to be used at the conference will be available prior to the conference on the Company’s website: https://ir.indo-energy.com/events-and-presentations/.
IEC remains on target to commence drilling its two new back-to-back wells before the end of this first quarter of 2026 on its 63,000 acre Kruh Block. Drilling pads for these next wells (called the “K-29” and the “WK-5” wells) have been constructed and drilling pipe and drill bits and wellheads have been delivered.
About Indonesia Energy Corporation Limited
Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (195,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.
Cautionary Statement Regarding Forward-Looking Statements
All statements in this press release, the conference presentation described herein, and related statements of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, the words “explore,” “could,” "estimates," “seek,” "believes," "hopes," “understand,” "expects," "intends," “on-track”, "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release and at the conference described herein, other than those of historical fact, about an action, event or development, are forward-looking statements. In this press release, forward-looking statements include, without limitation those related to IEC’s development, drilling and exploration plans at its Kruh Block. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of significant risks, uncertainties, and other factors, many of which are outside of the IEC's control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, filed on April 29, 2025, and other filings with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC's website, www.sec.gov and IEC’s website at https://ir.indo-energy.com/sec-filings/. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Frank C. Ingriselli
President, Indonesia Energy Corporation Limited
Frank.Ingriselli@Indo-Energy.com
FAQ
When will Indonesia Energy (INDO) present at the DealFlow Discovery Conference?
What will Indonesia Energy (INDO) discuss about the Kruh Block on January 28, 2026?
Has Indonesia Energy (INDO) started work on the new Kruh Block wells and when will drilling begin?
Where can investors access Indonesia Energy's updated corporate presentation for the conference?
What specific equipment has been delivered for the K-29 and WK-5 wells at Kruh Block?
