Indonesia Energy finds oil at new K-29 well
Indonesia Energy Corporation Limited (INDO) reports that it has discovered good quality oil during testing operations at its newly drilled K-29 well in the Kruh Block on Sumatra.
Rhea-AI Filing Summary
Indonesia Energy Corporation Limited (INDO) reports that it has discovered good quality oil during testing operations at its newly drilled K-29 well in the Kruh Block on Sumatra. The K-29 well was spud on July 25, 2026 and has reached a total depth of 3,378 feet, with production operations expected to commence in the next couple of weeks.
The company highlights that the perforation gun, used under Pertamina-approved perforation targets, was naturally bleeding oil, a result it notes has not occurred in prior Kruh Block wells and which may allow natural production without fracturing. The well was drilled with zero lost time injury or environmental, health or safety incidents. The drilling rig has been mobilized to the WK-5 wellsite to continue the 2026 drilling program. Management plans to provide an operational update and take live questions in a YouTube Live presentation on September 3, 2026.
Positive
- Oil discovery at K-29 well in Kruh Block with testing showing good quality oil and indications that the well may naturally produce without fracturing, potentially enhancing project economics and validating drilling efforts in this key asset area.
Negative
- None.
Filing Explained
The report states that this Form 6-K and its press-release exhibit are incorporated by reference into the company’s effective F-3 shelf registration statement and outstanding prospectuses, subject to later filings that supersede them.
Key Figures
Key Terms
Kruh Block technical
Citarum Block technical
perforation gun technical
lost time injury technical
forward-looking statements regulatory
FAQ
What did Indonesia Energy (INDO) announce regarding the K-29 well?
When was the K-29 well at Indonesia Energy’s Kruh Block drilled?
What is notable about the K-29 perforation results for INDO?
When will Indonesia Energy (INDO) host its YouTube Live presentation?
Where are Indonesia Energy’s main assets located?
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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 September 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 September 2, 2026, the Company issued a press release announcing that the Company has discovered good quality oil during testing operations at the newly drilled K-29 well at Kruh Block. K-29 was spud on July 25, 2026 and recently reached a total depth of 3,378 feet. The actual production operations at K-29 are expected to commence in the next couple of weeks.
As previously announced on August 31, 2026, the Company will host a YouTube Live presentation featuring its President, Frank Ingriselli, on Thursday, September 3, 2026, at 12:15 p.m. Eastern time/9:15 a.m. Pacific Time. The live presentation will be accessible at the following YouTube Live link: https://youtube.com/live/o8CkQxnlKZw?feature=share. During the live presentation, Mr. Ingriselli will provide an update on operations and will take questions live from viewers.
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 (including the management presentation referenced in such exhibit) 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, with respect to the Company’s drilling plans AT Kruh Block and exploration plans at Citarum 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 Kruh Block and our exploration plans at Citarum 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 drilling progress at the Company’s K-29 well and YouTube Live Presentation, dated September 2, 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: September 2, 2026 | By: | /s/ Frank Ingriselli |
| Name: | Frank Ingriselli | |
| Title: | President | |
Exhibit 99.1
Indonesia Energy Discovers Oil at K-29 Well
Production Operations Will Commence in the Next Couple of Weeks
YouTube Live Broadcast Set for
Thursday, September 3, 2026 at 12:15 pm Eastern Time
JAKARTA, INDONESIA AND DANVILLE, CA, Wednesday, September 2, 2026 - Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced that IEC has discovered good quality oil during testing operations at the newly drilled K-29 well at Kruh Block. K-29 was spud on July 25, 2026 and recently reached a total depth of 3,378 feet.
IEC also announced that actual production operations at K-29 are expected to commence in the next couple of weeks. Of particular note to the K-29 well is that the perforation gun used pursuant to Pertamina’s (Indonesia’s state-owned oil and gas company) approved perforation targets was naturally bleeding/seeping oil, which is typically viewed as a very good result. This has not been the case in previous wells at the Kruh Block. and the well may begin natural production without a fracturing procedure. IEC expects to gain further data and information as production operations commence. Additionally, the well was drilled with zero lost time injury or other environmental, health and safety incidents.
The drilling rig used at the K-29 well has now been mobilized and is on its way to the WK-5 wellsite to drill that well in continuation of IEC’s planned drilling operations for 2026.
Both K-29 and WK-5 are located within IEC’s approximately 63,000-acre Kruh Block on the island of Sumatra, Indonesia.
As previously announced, IEC will host a YouTube Live presentation featuring its President, Frank Ingriselli, on Thursday, September 3, 2026, at 12:15 p.m. Eastern time/9:15 a.m. Pacific Time.
The live presentation will be accessible at the following YouTube Live link: https://youtube.com/live/o8CkQxnlKZw?feature=share.
During the live presentation, Mr. Ingriselli will provide an update on operations and will take questions live from viewers.
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 live 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,” “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 and anticipated production 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