Indonesia Energy Announces That Operations On The First of Two New Wells To Be Drilled at Kruh Block Have Commenced

Core Viewpoint - Indonesia Energy Corporation (IEC) has commenced operations for drilling the first of two planned wells at its Kruh Block, indicating a significant step in its exploration and production activities in Indonesia [1][2]. Company Operations - The drilling pad for the K-29 well has been constructed, and drilling pipe has been delivered, showcasing progress in IEC's operational capabilities [2]. - IEC is currently awaiting government approvals for its tender offers related to the drilling rig and other large components necessary to commence drilling [2]. Company Overview - Indonesia Energy Corporation Limited is engaged in the acquisition and development of strategic, high-growth energy projects in Indonesia, with principal assets including the Kruh Block (63,000 acres) and the Citarum Block (195,000 acres) [3]. - The company is headquartered in Jakarta, Indonesia, with a representative office in Danville, California [3]. Future Outlook - The company expresses confidence in its world-class assets in Indonesia, which are expected to contribute to its strategic plan aimed at maximizing returns on investments and enhancing shareholder value [2].