Indonesia Energy (US:INDO) Globenewswireยท2025-04-30 12:00Core Viewpoint - Indonesia Energy Corporation (IEC) is preparing to recommence drilling activities at its Kruh Block asset in the second half of 2025 after investing in seismic and exploration work during 2024 to enhance drilling effectiveness [1][2][3] Company Overview - Indonesia Energy Corporation Limited (NYSE American: INDO) is an energy company focused on acquiring and developing high-growth energy projects in Indonesia, with principal assets including the Kruh Block (63,000 acres) and Citarum Block (195,000 acres) [4] Financial and Operational Updates - IEC filed its annual report on Form 20-F, detailing financial and operational results for the year ended December 31, 2024, which includes plans for drilling at Kruh Block [1][3] - The company curtailed drilling activities in 2024 to invest in seismic and exploration work, aiming to maximize returns from new drilling [2][3] Future Plans - IEC plans to drill at least one new well in 2025 as part of a multi-year program to drill a total of 18 new wells at Kruh Block [2][3]