Indonesia Energy starts WK-5 drilling, targets ~5,200 feet
The company is working to secure Indonesian government approval to publicly disclose individual well production rates.
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Rhea-AI Filing Summary
Indonesia Energy Corp Ltd (INDO) commenced drilling operations on October 21, 2026, at its WK-5 well in the Kruh Block in Sumatra, Indonesia. WK-5 is planned to reach a total depth of approximately 5,200 feet; the recently completed K-29 well was drilled to approximately 3,400 feet. WK-5 is designed to evaluate additional formations identified through the company’s previous 3-D seismic program, including a potentially natural gas-bearing formation.
The company said that, if successful, WK-5 production would complement ongoing production from K-29 and its other producing wells. It also said oil production is sold to Pertamina, Indonesia’s state-owned oil and gas company.
Filing Explained
A Form 6-K is a foreign private issuer’s interim report; Indonesia Energy says this one is incorporated by reference into its effective F-3 shelf registration statement and outstanding prospectus supplements, making the drilling update part of those registration materials.
Key Figures
Key Terms
total depth technical
3-D seismic program technical
natural gas-bearing formation technical
FAQ
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How deep is Indonesia Energy’s WK-5 well planned to be?
What approval is INDO seeking to disclose individual well production rates?
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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 October 2026
Commission File Number 001-39164
Indonesia Energy Corporation Limited
(Translation of registrant’s name into English)
GIESMART PLAZA 7th 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 October 26, 2026, the Company issued a press release announcing the commencement of drilling operations at the Company’s WK-5 well location at Kruh Block in Sumatra, Indonesia. A copy of such press release is filed as Exhibit 99.1 to this Report.
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 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. 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, statements related to the timing for, and results of, 2026 and other drilling activities at the Company’s Kruh Block) 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 “explore,” “could,” “estimates,” “seek,” “believes,” “hopes,” “understand,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” “aim,” “goal,” “may” 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 the WK-5 well and other activities and the potential benefits to the Company of such activities) 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 drilling operations at the Company’s WK-5 well, dated October 26, 2026. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| INDONESIA ENERGY CORPORATION LIMITED | ||
| Dated: October 27, 2026 | By: | /s/ Frank Ingriselli |
| Name: | Frank Ingriselli | |
| Title: | President | |
Exhibit 99.1
Indonesia Energy Commences Drilling of WK-5 Well at Kruh Block
Significantly Deeper Well Will Test Additional Oil and Potential Natural Gas-Bearing Formations Identified Through 3-D Seismic Program
JAKARTA, INDONESIA AND DANVILLE, CA, Monday, October 26, 2026 – Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced that drilling operations commenced on October 21, 2026, at its WK-5 well, marking another important milestone in IEC’’s ongoing development program at the Kruh Block in Sumatra, Indonesia.
WK-5 is planned to reach a total depth of approximately 5,200 feet, significantly deeper than the recently completed K-29 well, which was drilled to approximately 3,400 feet. The deeper drilling program is designed to evaluate additional formations identified through IEC’s previous extensive 3-D seismic program, including a potentially natural gas-bearing formation. Both wells are located within IEC’s approximately 63,000-acre Kruh Block.
A video featuring oil production from K-29 and a recent visit by IEC’s delegation to the WK-5 wellsite can be viewed at the following link:
https://www.youtube.com/watch?v=uW2igiI9p4U
Frank Ingriselli, President of IEC, commented: “We are pleased to have commenced drilling WK-5 on schedule, following my visit to the Kruh Block earlier this month. This well represents an exciting opportunity for IEC as we drill significantly deeper than K-29 to evaluate additional formations identified by our previously announced 3-D seismic program. We believe these formations offer meaningful potential to expand the resource base and create long-term value for our shareholders.
“If successful, production from WK-5 would complement our ongoing production from K-29 and our other producing wells, with oil production sold to Pertamina, Indonesia’s state-owned oil and gas company. We are also working to secure the necessary Indonesian government approval to publicly disclose individual well production rates and look forward to providing additional information once the required approvals are obtained.
“The successful commencement of WK-5 drilling, together with the recent initiation of oil production from K-29, demonstrates our team’s continued progress in executing our Kruh Block development strategy. We remain focused on increasing production, evaluating new opportunities, and unlocking the long-term potential of our assets in Indonesia,” concluded Mr. Ingriselli.
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 YouTube videos 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,” “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