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Indonesia Energy Reports Progress on its Next Two New Wells at Kruh Block, Where Pre-Drilling Operations Have Commenced
JAKARTA, INDONESIA AND DANVILLE, CA, March 23, 2026 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced pre-drilling progress on its planned next two (2) wells at IEC’s Kruh Block. IEC expects to commence drilling at the first of these new wells within approximately the next 60 days. The wells are expected to be drilled on a back-to-back basis. This progress comes at an auspicious
About this update from Indonesia Energy Corporation Limited
[{"type":"image","alt":"Indonesia Energy Corporation Limited","displaySize":"","headline":null,"caption":"Indonesia Energy Corporation Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":115,"url":"https://media.zenfs.com/en/globenewswire.com/c3bb43e87e71b16b804ddeb4045797c0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/W9HGBKxYBfwIfufd8Nf87A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE2MQ--/https://media.zenfs.com/en/globenewswire.com/c3bb43e87e71b16b804ddeb4045797c0","width":300,"height":115}},"lazy":false},{"type":"text","content":"JAKARTA, INDONESIA AND DANVILLE, CA, March 23, 2026 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced pre-drilling progress on its planned next two (2) wells at IEC’s Kruh Block.","length":296,"tagName":"p"},{"type":"text","content":"IEC expects to commence drilling at the first of these new wells within approximately the next 60 days. The wells are expected to be drilled on a back-to-back basis.","length":165,"tagName":"p"},{"type":"text","content":"This progress comes at an auspicious time for IEC as oil prices worldwide have risen in light of the current conflict in the Middle East.","length":137,"tagName":"p"},{"type":"text","content":"Drilling pads for the next 2 wells (called the “K-29” and the “WK-5” wells) have been constructed and all the long lead items such as drilling pipe and drill bits and wellheads have been delivered. The drilling rig has been selected and inspection has been successfully completed. IEC has appointed PT Bina Mitra Artha (“BMA”) with drilling rig BMA #9 which is on its way to the first drilling pad. Commencement of drilling operations has been delayed by several weeks because of severe flooding in Sumatra which destroyed the road planned to be used by IEC. However, IEC has secured permits to use the main road for the BMA #9 rig which is on its way to the first well location (well K-29).","length":691,"tagName":"p"},{"type":"text","content":"Mr. Frank Ingriselli, IEC’s President, stated “We are excited to be moving forward with our plans to commence drilling at the next 2 wells planned on our 64,000 acre Kruh Block. Our operating team is moving quickly pivot and secure new road access permits so that we will lose just a few weeks off our...