Indonesia Energy (INDO) begins K-29 ops, eyes 30 more Kruh wells by 2035

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

Indonesia Energy Corporation filed a Form 6-K describing the start of operations at its K-29 well in the onshore Kruh Block in Indonesia. The company notes that actual drilling at K-29 has been delayed pending final Indonesian government safety and related inspections, with drilling expected to begin in the very near term. After completing K-29, Indonesia Energy plans to start drilling at the WK-5 wellsite as part of its broader Kruh Block drilling program. Under its contract with state-owned Pertamina, all crude oil from Kruh Block will be purchased and paid for in U.S. dollars at the Brent crude price less a small transportation cost. Management also reports submitting environmental clearances to drill an additional 30 wells on the Kruh Block before 2035, which aligns with its long-term development strategy for its Indonesian assets.

Key Figures

Kruh Block size: 63,000 acres Citarum Block size: 195,000 acres Planned additional Kruh Block wells: 30 wells +2 more

5 metrics

Kruh Block size 63,000 acres Onshore Sumatra asset size described in company profile

Citarum Block size 195,000 acres Onshore Java asset size described in company profile

Planned additional Kruh Block wells 30 wells Environmental clearances submitted to drill before 2035

Kruh Block wells in current program 2 wells K-29 and WK-5 identified as part of current drilling plan

Long-term Kruh plan horizon 2035 Target year by which up to 30 additional wells may be drilled

Key Terms

foreign private issuer, shelf registration statement, forward-looking statements, Brent crude, +1 more

5 terms

foreign private issuer regulatory

"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

shelf registration statement regulatory

"incorporated by reference into the shelf registration statement on Form F-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

forward-looking statements regulatory

"This Form 6-K Report and the exhibit hereto contain certain forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Brent crude financial

"pay IEC in dollars at the price of Brent after subtracting a small transportation cost"

Brent crude is a widely used global reference price for crude oil, based on oil produced in the North Sea, and it acts like the market’s standard price tag that other crude oils are compared to. Investors watch Brent because changes in its price affect energy company profits, fuel costs, inflation expectations and broader market sentiment, much like a single temperature reading can signal shifts in an entire climate.

environmental clearances regulatory

"we have submitted environmental clearances to drill an additional 30 wells on the Kruh Block"

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Available on EDGAR 07/08/2026 - 04:15 PM Accepted by SEC EDGAR 07/08/2026 - 04:15 PM

FAQ

What did Indonesia Energy Corporation (INDO) announce in this Form 6-K?

Indonesia Energy Corporation reported the commencement of operations at its K-29 well in the Kruh Block. The filing also highlights plans to drill the WK-5 well next and notes submission of environmental clearances for 30 additional wells before 2035.

What is significant about the K-29 well for Indonesia Energy Corporation (INDO)?

The K-29 well marks the first of two planned wells in Indonesia Energy’s current Kruh Block drilling program. Operations have begun at the site, with full drilling activity expected after final Indonesian government safety inspections and related approvals are completed.

How does the Pertamina contract affect Indonesia Energy Corporation (INDO) at Kruh Block?

Under its Kruh Block contract, Pertamina will purchase all crude oil produced and pay in U.S. dollars. The price is based on Brent crude, minus a small transportation cost, providing a defined offtake arrangement for Indonesia Energy’s future Kruh Block production.

What future drilling plans did Indonesia Energy Corporation (INDO) outline at Kruh Block?

The company plans to drill the WK-5 well after completing K-29 as part of its ongoing Kruh Block program. It also submitted environmental clearances to drill up to 30 additional wells on the Kruh Block before 2035, supporting its long-term development strategy.

Where are Indonesia Energy Corporation’s (INDO) main assets located and how large are they?

Indonesia Energy’s principal assets are the onshore Kruh Block, covering 63,000 acres on Sumatra, and the onshore Citarum Block, covering 195,000 acres on Java. Both assets are in Indonesia and form the core of the company’s exploration and production portfolio.

What risks does Indonesia Energy Corporation (INDO) highlight regarding its forward-looking statements?

The company cautions that forward-looking statements depend on assumptions and are subject to significant risks and uncertainties. Actual results, including outcomes from the Kruh Block drilling program and oil prices, may differ materially, as outlined in its Form 20-F risk factors.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number 001-39164

Indonesia Energy Corporation Limited

(Translation of registrant’s name into English)

GIESMART PLAZA 7^th Floor

Jl. Raya Pasar Minggu No. 17A

Pancoran – Jakarta 12780

Indonesia

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

INCORPORATION BY REFERENCE

This report on Form 6-K (“Form 6-K Report”) shall be deemed to be incorporated by reference into the shelf registration statement on Form F-3, as amended (Registration Number 333-278175) of Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the “Company”), declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2024 (“Registration Statement”), and into each prospectus or prospectus supplement outstanding under the Registration Statement, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Press Release

On July 6, 2026, the Company issued a press release announcing the commencement of operations at the Company’s “K-29” well at Kruh Block. Following completion of the K-29 well, the Company plans to commence drilling operations at the “WK-5” wellsite as part of its ongoing Kruh Block drilling program. Preparatory operations for drilling at the WK-5 wellsite are progressing as planned. Under the Company’s contract for Kruh Block with Pertamina, the Indonesian state-owned oil and gas company, Pertamina will purchase all the crude oil produced and pay the Company in US dollars at the price of Brent crude after subtracting a small transportation cost. A copy of such press release is filed as Exhibit 99.1 to this Report.

The Company further noted that the commencement of actual drilling operations at the K-29 has been delayed due to the need for final Indonesian government safety and similar inspections and approvals. Actual drilling at K-29 is currently anticipated to commence in the very near term.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This Form 6-K Report and the exhibit hereto contain certain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our or our management’s anticipations, expectations, hopes, beliefs, intentions or strategies regarding the future (including, without limitation, with respect to the Company’s drilling plans) and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” or derivatives of these words and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements in this Form 6-K Report and the exhibit hereto are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. As a result, you are cautioned not to rely on any forward-looking statements.

Should one or more of risks or uncertainties related to our forward-looking statements materialize, should any of our assumptions prove incorrect, or should we be unable to address any of the factors which impact our forward-looking statements, our actual results (including those related to our drilling program at Kruh Block) may vary in material and adverse respects from those projected in these forward-looking statements. Consequently, there can be no assurance that actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to, or effects, on us. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.

We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable laws. If one or more forward-looking statements are updated, no inference should be drawn that additional updates will be made with respect to those or other forward-looking statements.

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release of the Company regarding commencement of operations at the Company’s K-29 well, dated July 6, 2026.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	INDONESIA ENERGY CORPORATION LIMITED

Dated: July 8, 2026	By:	/s/ Frank Ingriselli
	Name:	Frank Ingriselli
	Title:	President

Exhibit 99.1

Indonesia Energy Corporation Celebrates Commencement of Operations on the First of Two Planned Wells at Kruh Block

President Frank Ingriselli Visits K-29 Wellsite to Mark Operational Milestone

JAKARTA, INDONESIA AND DANVILLE, CA, Monday, July 6, 2026 - Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced the commencement of operations on IEC’s “K-29” well during a recent visit by IEC President Frank Ingriselli, Chief Operations Officer Mirza Said, and Chief Technology Officer Charlie Wu.

The following video captures executive visit and start of operations at the new well: https://youtu.be/oYC0VRhmchg.

Photographs from the executive visit can be viewed on the IEC website: https://ir.indo-energy.com

Following completion of the K-29 well, IEC plans to commence drilling operations at the WK-5 wellsite as part of its ongoing Kruh Block drilling program. Preparatory operations for drilling at the WK-5 wellsite are progressing as planned. Under IEC’s contract for Kruh Block with Pertamina, the Indonesian state-owned oil and gas company, Pertamina will purchase all the crude oil produced and pay IEC in US dollars at the price of Brent after subtracting a small transportation cost.

Mr. Frank Ingriselli, IEC’s President, commented “It was exciting to see the significant progress that has been made at the K-29 wellsite with drilling soon to begin. Fuel has been delivered, the water and mud pits have been filled up, computer systems have been commissioned. All drilling equipment and related services are in place. I was particularly impressed by the professionalism, experience and preparedness of the team that will oversee operations as we move into the drilling phase after final safety clearances from the government.”

“I was also pleased to confirm that we have submitted environmental clearances to drill an additional 30 wells on the Kruh Block before 2035,” continued Mr. Ingriselli. “This represents another important step in executing our long-term development strategy. We look forward to updating the marketplace as we achieve key operational milestones. Further, we continue to believe our Indonesia assets position IEC favorably to maximize investment returns and enhance long-term shareholder value.”

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 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,” “aim,” “goal,” “may” and similar conditional expressions related to the future 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, 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 the timing for, and results of, 2026 and other drilling activities at IEC’s Kruh Block as well as the price of oil, which changes daily and could lower over time. 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 IEC’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed on April 29, 2026, 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

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

2 documents