Indonesia Energy Moves Forward With Two New Wells at Kruh Block, Where Pre-Drilling Operations Have Commenced

Core Viewpoint - Indonesia Energy Corporation (IEC) is progressing with its drilling plans for two new wells in the Kruh Block, aiming to commence drilling by the end of Q1 2026, which is expected to enhance its operational capabilities and shareholder value [1][2][4]. Group 1: Drilling Operations - IEC has constructed drilling pads for the K-29 and WK-5 wells, with the K-29 well's pad completed and the WK-5 pad delivered [3]. - The necessary drilling equipment, including pipes, drill bits, and wellheads, has been delivered, and the drilling rig is currently under inspection [3]. - Approval for the procurement of critical drilling explosives has been obtained, and these explosives have been transported to a designated warehouse [3]. Group 2: Corporate Communication - Mr. Frank Ingriselli, President of IEC, expressed enthusiasm about the upcoming drilling operations and plans to visit the Kruh Block during the drilling phase [4]. - IEC will present updates on its drilling operations at the DealFlow Discovery Conference on January 28, 2026, in Atlantic City, New Jersey [4]. - Additional details regarding the conference presentation and an updated corporate presentation will be made available on the company's website prior to the event [4][5]. Group 3: Company Overview - Indonesia Energy Corporation Limited (NYSE American: INDO) focuses on acquiring and developing high-growth energy projects in Indonesia, with principal assets including the Kruh Block (64,000 acres) and the Citarum Block (195,000 acres) [5]. - The company is headquartered in Jakarta, Indonesia, and has a representative office in Danville, California [5].