Indonesia Energy to Present at 3rd Annual DealFlow Discovery Conference on January 28, 2026

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.

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.

Argus Jan 26 session

-8.11% close to close Open Argus

Details

News Market Reaction – INDO

On Jan 26, the day this news came out, INDO closed 8.11% below the previous close.

Data tracked by StockTitan Argus for the Jan 26 session.

Market Context

On Jan 26, the day this news came out, the stock closed 8.1% below the previous close. A negative re...

Analysis

On Jan 26, the day this news came out, the stock closed 8.1% below the previous close. 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 Figures

New wells planned: 2 wells Kruh Block area: 63,000 acres Conference date: January 28, 2026 +3 more

New wells planned

2 wells

Back-to-back wells at Kruh Block before end of Q1 2026

Kruh Block area

63,000 acres

Oil and gas block in Indonesia

Conference date

January 28, 2026

DealFlow Discovery Conference presentation

President base salary

US$150,000

Pre-tax annual base salary for President Frank Ingriselli

Share award

30,000 ordinary shares

Equity award vesting on July 1, 2026

CFO base salary

US$80,000

Pre-tax annual base salary for CFO Gregory Overholtzer

Historical Context

5 past events · Latest: Jan 09

5 events

1. Jan 09

   Kruh wells progress

   24h Move

   -4.5%

   Detailed pre-drilling update for K-29 and WK-5 at Kruh Block.

2. Oct 24

   Brazil MOU signed

   24h Move

   -4.4%

   MOU for Brazilian hybrid solar and natural gas pilot projects.

3. Sep 09

   First well ops start

   24h Move

   +1.4%

   Operations commenced on first of two new wells at Kruh Block.

4. Sep 03

   Investor conference

   24h Move

   -0.3%

   Presentation at global investment conference covering key assets.

5. Aug 19

   Brazil expansion MOU

   24h Move

   -4.2%

   Non-binding MOU to explore energy opportunities in Brazil.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

pre-drilling operations, drilling pads, wellheads

3 terms

pre-drilling operations technical

"update on Two New Wells at Kruh Block, Where Pre-Drilling Operations Have Commenced"

Pre-drilling operations are the planning and site-preparation steps that happen before a drilling rig begins boring into the ground, including surveying, permitting, environmental checks, access-road and pad construction, equipment mobilization, and supply logistics. These activities matter to investors because they determine how quickly and cheaply a drilling project can start, highlight regulatory or environmental risks that could delay or raise costs, and therefore affect project timelines, budgets and potential returns.

drilling pads technical

"Drilling pads for these next wells (called the “K-29” and the “WK-5” wells) have been constructed"

A drilling pad is a cleared, level area built to support equipment and crews who drill for oil, gas or minerals; think of it as a reinforced driveway and staging area for heavy machinery. It matters to investors because pad location, size and construction affect how quickly a site can start producing, the cost to develop it, and potential environmental or regulatory risks that can influence a project’s timeline, expenses and returns.

wellheads technical

"drilling pipe and drill bits and wellheads have been delivered"

Wellheads are the surface assembly of pipes, valves and fittings installed at the top of an oil or gas well that control and measure the flow of hydrocarbons from underground. Think of a wellhead like the faucet and meter on a home plumbing system: it manages flow, provides safety shutoffs and links the well to processing or transport equipment. For investors, the number, condition and performance of wellheads influence production levels, safety and maintenance costs, regulatory compliance and therefore the revenue and value of energy assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Indonesia Energy (INDO) present at the DealFlow Discovery Conference?

Indonesia Energy will present on January 28, 2026 at the DealFlow Discovery Conference in Atlantic City, NJ.

What will Indonesia Energy (INDO) discuss about the Kruh Block on January 28, 2026?

The presentation will include updates on pre-drilling operations and progress for the two new wells, K-29 and WK-5.

Has Indonesia Energy (INDO) started work on the new Kruh Block wells and when will drilling begin?

Pre-drilling operations have commenced, drilling pads are constructed and equipment delivered; IEC is on target to start drilling before the end of Q1 2026.

Where can investors access Indonesia Energy's updated corporate presentation for the conference?

The updated corporate presentation will be available prior to the conference on the company's investor website at https://ir.indo-energy.com/events-and-presentations/.

What specific equipment has been delivered for the K-29 and WK-5 wells at Kruh Block?

The company reported that drilling pipe, drill bits and wellheads have been delivered for the K-29 and WK-5 wells.