Indonesia Energy Corp Ltd

Indonesia Energy Corp. Ltd. operates as an oil and gas, exploration, and production company. It engages in oil and gas assets portfolio with a mix between medium-sized producing blocks and exploration blocks with significant resources. Its portfolio includes Kruh, Citarum, and Rangkas Area. The company was founded by James J. Huang and Wirawan Jusuf in 2014 and is headquartered in Jakarta, Indonesia.

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Indonesia Energy (INDO) stock is rocketing higher on Thursday after announcing plans for new drilling projects this year. The post INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today appeared first on InvestorPlace.

INDO Stock: 14 Things to Know About Indonesia Energy as It Rockets 150%+ Today

New Production Anticipated to Bring IEC to Cash Flow Positive Operations JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / January 26, 2022 / Indonesia Energy Corporation Limited (NYSE American:INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today provided an update on its 2022 drilling plans by announcing that it expects to commence drilling of its next two (2) new wells at IEC's 63,000-acre Kruh Block within 30 days. Additionally; IEC plans to commence drilling of a third new well at Kruh Block before the end of the second quarter.

Indonesia Energy To Commence Drilling of Two Back-To-Back New Wells Within 30 Days and a Third by Mid-Year

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / January 24, 2022 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced the closing of the initial $5.0 million tranche of a total anticipated $7.0 million private placement with a single institutional investor. The Company intends to use the net proceeds from the private placement for funding its previously announced oil well drilling program and for working capital general corporate purposes.

Indonesia Energy Closes Initial Tranche of $7.0 Million Private Placement

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / January 10, 2022 / Indonesia Energy Corporation Limited (NYSE American:INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today announced that IEC's operating company has been recognized by the state oil and gas company, Pertamina, as the top three performer in 2021 among 11 oil and gas producing companies in Indonesia under Cooperation Agreement Contracts after comprehensive evaluation on the work commitment, financial, operations and safety records. This recognition is especially significant as IEC just recently announced that daily oil production rate has increased over 50% as a result of the recently completed "Kruh 26" well on its 63,000-acre Kruh Block and IEC plans to commence drilling two back-to-back producing wells at Kruh Block commencing in approximately 60 days.

Indonesia Energy Recognized as Top 3 Performer in 2021

Additional well drilling on the Kruh Block anticipated to commence within 60 Days JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / December 20, 2021 / Indonesia Energy Corporation Limited (NYSE American:INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today announced that its daily oil production rate has increased over 50% as a result of the recently completed "Kruh 26" well on its 63,000-acre Kruh Block. IEC's average daily production rate over the first 10 months of 2021 was approximately 160 barrels of oil per day.

Indonesia Energy Daily Production Rate Increases Over 50% With Recently Completed “Kruh 26” Well

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / September 21, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today responded to inquiries and internet postings regarding its discussions related a potential acquisition by IEC of a partial interest in the Rokan producing asset located on Sumatra Island that was recently relinquished by Chevron Corporation. During a previously announced participation at the Alliance Global Partners Energy Conference on Tuesday, September 21, 2021, IEC President Frank Ingriselli received inquiries regarding IEC's consideration of, and discussions related to, the potential acquisition of the recently relinquished Rokan asset by Chevron Corporation.

Indonesia Energy Corporation Responds to Inquiries Regarding Potential Rokan Producing Asset Acquisition

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / September 17, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it will be presenting all day at the Alliance Global Partners Virtual Energy Conference on September 21, 2021 in a format using pre-scheduled private meetings. During the meetings, IEC President Frank Ingriselli will provide updates on IEC's operations, including its recent two back-to-back oil discoveries on its Kruh Block located on the Island of Sumatra in Indonesia.

Indonesia Energy Corporation to Present at Alliance Global Partners Energy Conference on Tuesday September 21st

Production from Both New Wells Expected to Commence in October  with an Expected Increase in Revenues and Production for IEC by Over 100% JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / September 15, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it has discovered oil in its "Kruh 26" well after having announced in July the discovery of oil in its Kruh 25 well. These are 2 back-to-back discoveries of oil for IEC from its previously announced new drilling plans.

Indonesia Energy Discovers Oil in Its Second Back-to-Back New Well at Kruh Block

New drilling paves way for commencement of additional production at Kruh Block JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / August 25, 2021 / Indonesia Energy Corporation Limited (NYSE American:INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today announced that the company has commenced the drilling of the second of three new back-to-back wells on its 63,000-acre Kruh Block. This commencement of drilling is part of IEC's overall previously announced plan to drill a total of 18 new wells on the Kruh Block over the next 3 years.

Indonesia Energy Commences Drilling of Second of Three Back-to-Back Wells

Drilling Rig Has Moved to New Location to Drill Second New Well JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / July 20, 2021 / IndonesiaEnergy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it has discovered oil in its "Kruh 25" well and the drilling rig has now moved to the second well location and will commence the drilling of its second new well (called "Kruh 26") in the next few weeks. This activity is a continuation of IEC's previously announced plan to drill three new wells at Kruh Block this year, with more wells anticipated to follow over the next several years.

Indonesia Energy Discovers Oil in the First New Well at Kruh Block

President Frank Ingriselli to Provide Updates on IEC's Operations Followed by Q&A JAKARTA, INDONESIA & DANVILLE, CA / ACCESSWIRE / June 22, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it will be presenting live at the Noble Capital Markets Virtual Road Show Series on June 24, 2021 at 1:00 p.m. EDT. During the presentation, IEC President Frank Ingriselli will provide updates on IEC's operations, which will be followed by a question and answer session with by Noble Senior Research Analyst Michael Heim, featuring questions submitted by the audience.

Indonesia Energy Corporation to Present Live at Noble Capital Markets Virtual Road Show Series on Thursday June 24th at 1:00 PM EDT

President Frank Ingriselli to Provides Updates on IEC's New Drilling Program at Kruh Block and Anticipated Milestones for IEC JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / June 7, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it will be presenting at the LD Micro Invitational XI Virtual Event on Tuesday, June 8, 2021 at 2:30 pm Pacific Time / 5:30 pm Eastern Time. Frank Ingriselli, President of IEC will be presenting to a virtual audience.

Indonesia Energy Corporation to Present at the LD Micro Invitational XI Virtual Event on Tuesday, June 8th at 2:30 PM Pacific Time

IEC Will Now Conduct Logging and Production Testing JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / June 4, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it has successfully completed the drilling of its first new well at its Kruh Block (known as "Kruh 25") to its final total depth. The Kruh 25 well was drilled to a depth of 3,368 feet.

Indonesia Energy Corporation Successfully Completes the Drilling of First New Well at Kruh Block to Final Total Depth

President Frank Ingriselli Provides Updates on IEC's New Drilling Program at Kruh Block and Anticipated Milestones for IEC JAKARTA, INDONESIA AND DANVILLE, CA / ACCESSWIRE / June 3, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced their participation in a pre-recorded Noble Capital Markets' C-Suite Interview Series, presented by Channelchek. Indonesia Energy President Frank Ingriselli sat down with Noble Capital Markets Senior Research Analyst Michael Heim for this exclusive interview.

Indonesia Energy Corporation Participates in Noble Capital Markets Video Interview

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / May 18, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it will be hosting an investor conference call on Tuesday, June 8, 2021 in order to provide an update (including initial results) on the drilling and completion of IEC's first new producing well at Kruh Block, called "Kruh 25". IEC will provide specific dial-in details for the call in a separate communication.

News for Indonesia Energy Corp Ltd Stock (INDO)