STOCK TITAN

Indonesia Energy Corporation (INDO) advances K-29 well and plans WK-5 drilling

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Indonesia Energy Corporation Limited provides an operational update on its K-29 well in the Kruh Block and upcoming investor outreach. The K-29 well, spudded on July 25, 2026, is drilling ahead on schedule and has reached more than 2,500 feet, with a planned total depth of approximately 3,400 feet. Around 3,000 feet, the company expects to enter the targeted reservoir zone, conduct a coring job to determine the optimal stimulation method, then complete wireline logging, casing, cementing and perforation before placing the well on production over the following weeks. After K-29 is completed, drilling at the WK-5 wellsite is planned, with preparations progressing as planned. Both wells are within the 63,000-acre Kruh Block on Sumatra. The company also highlights that its President, Frank Ingriselli, will present at the 31st Annual EnerCom Energy Investment Conference on August 19, 2026. This report is incorporated by reference into the company’s effective Form F-3 shelf registration statement.

Positive

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Negative

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Current K-29 depth more than 2,500 feet Depth reached while drilling ahead on schedule
Planned K-29 total depth approximately 3,400 feet Target depth for completion of the K-29 well
Target reservoir depth approximately 3,000 feet Depth at which IEC expects to enter the reservoir zone in K-29
Kruh Block size 63,000 acres Onshore block on Sumatra containing K-29 and WK-5
Citarum Block size 195,000 acres Onshore block on Java described as a principal asset
EnerCom presentation time 11:25 a.m. MDT on August 19, 2026 Scheduled presentation by President Frank Ingriselli
spudded technical
"its K-29 well, which was spudded on July 25, 2026, continues"
Spudded means drilling has officially begun on an oil or natural gas well. It signals the start of physical work at a well site, similar to when construction crews break ground on a building; the drill bit has been put into the ground and the operation is underway. For investors, spudding marks a key milestone that moves a project from planning into execution and can trigger progress updates, timelines, costs and potential future production results.
coring job technical
"after which IEC plans to conduct a coring job in the target zone"
A coring job is a drilling operation that removes a long, cylindrical sample of rock or soil (a core) from underground so geologists can examine the layers and composition. It matters to investors because cores give direct, physical evidence about the presence, concentration and continuity of minerals, hydrocarbons or other resources, shaping estimates of a project’s size and the technical plan for development—like slicing into a cake to see what the inside looks like.
wireline logging technical
"followed by wireline logging, casing and cementing, and perforation"
Wireline logging is the process of lowering scientific instruments into an oil or gas well on a cable to measure rock and fluid properties along the depth of the borehole. These measurements help estimate how much recoverable resource is present, where it sits, and how easily it can be produced—like taking detailed photos and samples of underground layers—which directly affects production forecasts, project costs and investment value.
perforation technical
"casing and cementing, and perforation, before the well is finally"
A perforation is a hole or tear that goes through the wall of a body tissue or organ, caused by disease, injury, a drug side effect, or a medical procedure. It matters to investors because perforations are a serious safety outcome that can trigger additional medical treatment, halt clinical trials, prompt regulatory review, raise liability or recall risk, and affect the commercial prospects of drugs, devices or procedures—like a punctured pipe that creates costly leakage and repair needs.
Kruh Block financial
"K-29 and WK-5 are each located within IEC’s 63,000-acre Kruh Block"
incorporated by reference regulatory
"This report on Form 6-K shall be deemed to be incorporated by reference"

FAQ

What drilling progress did Indonesia Energy (INDO) report on its K-29 well?

Indonesia Energy reported that the K-29 well, spudded July 25, 2026, is on schedule and has reached more than 2,500 feet. The company plans to drill to about 3,400 feet, with coring, logging, casing, cementing and perforation before production.

What is the planned total depth and target zone for INDO’s K-29 well?

The planned total depth of K-29 is approximately 3,400 feet, with the targeted reservoir zone expected at around 3,000 feet. After entering this zone, Indonesia Energy plans a coring job to optimize stimulation and initial production performance.

What future drilling activities did Indonesia Energy (INDO) outline after K-29?

Following completion of K-29, Indonesia Energy plans to commence drilling at the WK-5 wellsite. Both K-29 and WK-5 are part of the company’s ongoing Kruh Block drilling program within its 63,000-acre onshore Kruh Block on Sumatra.

What investor event will Indonesia Energy (INDO) participate in on August 19, 2026?

Indonesia Energy stated that President Frank Ingriselli will present at the 31st Annual EnerCom Energy Investment Conference on August 19, 2026, at 11:25 a.m. MDT, and expects to share a conference interview on its website thereafter.

What are the key assets of Indonesia Energy (INDO) mentioned in this update?

Indonesia Energy highlights its Kruh Block of 63,000 acres on Sumatra and its Citarum Block of 195,000 acres on Java. These onshore Indonesian blocks are described as the company’s principal assets and core focus for development.

How does this INDO report relate to its existing shelf registration?

The company states that this Form 6-K is incorporated by reference into its effective Form F-3 shelf registration statement and related prospectuses. This means the operational update becomes part of the disclosure record supporting potential future securities offerings.

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

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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 August 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 August 13, 2026, the Company issued a press release announcing that its K-29 well, which was spudded on July 25, 2026, continues to drill ahead on schedule and has reached a depth of more than 2,500 feet. The Company also announced that its President, Frank Ingriselli, will present at the 31st Annual EnerCom Energy Investment Conference. 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. 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 drilling progress at the Company’s K-29 well, dated August 13, 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: August 13, 2026 By: /s/ Frank Ingriselli
  Name: Frank Ingriselli
  Title: President

 

 

 

Exhibit 99.1

 

 

Indonesia Energy Corporation Reports Progress on Drilling of K-29 Well

 

Company Also Announces Presentation at the 31st Annual EnerCom Energy Investment Conference on August 19

 

JAKARTA, INDONESIA AND DANVILLE, CA, August 13, 2026 - Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced that its K-29 well, which was spudded on July 25, 2026, continues to drill ahead on schedule and has reached a depth of more than 2,500 feet.

 

The planned total depth of the well is approximately 3,400 feet. At approximately 3,000 feet, IEC expects to enter the targeted reservoir zone, after which IEC plans to conduct a coring job in the target zone. This is to determine the optimal stimulation method based on the rock’s natural characteristics for maintaining and enhancing the initial production of the well. Drilling will then proceed to the target depth, followed by wireline logging, casing and cementing, and perforation, before the well is finally prepared for production. This final phase is expected to take several additional weeks, and IEC plans to provide an update once all well operations are complete.

 

The following video provides an extensive look at the ongoing K-29 drilling operations: https://youtu.be/uLJytDh4PIo

 

Following the drilling and completion of K-29, IEC plans to commence drilling operations at the WK-5 wellsite as part of its ongoing Kruh Block drilling program. Preparatory operations at the WK-5 wellsite are progressing as planned. K-29 and WK-5 are each located within IEC’s 63,000-acre Kruh Block on the island of Sumatra.

 

IEC also announced that its President, Frank Ingriselli, will present at the 31st Annual EnerCom Energy Investment Conference on Wednesday, August 19, 2026, at 11:25 a.m. MDT at the Westin Denver Downtown.

 

IEC also expects to participate in an interview with Mr. Ingriselli during the conference and plans to make the interview available on the Company’s website as soon as practicable following the conference.

 

Mr. Ingriselli commented “We are very pleased that drilling at K-29 remains on schedule as we approach the targeted reservoir zone. We look forward to completing the well and then moving forward with drilling at WK-5 as we continue to execute our Kruh Block development program. We also look forward to meeting with investors at the EnerCom conference and sharing our progress and strategy. We believe our Indonesian assets offer significant development potential, and our focus remains on disciplined execution and creating long-term value for our shareholders.”

 

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

 

 

Filing Exhibits & Attachments

2 documents