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JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced its President, Frank Ingriselli, during his presentation at the H.C. Wainwright 27th Annual Global Investment Conference on Tuesday, September 9, 2025 at 12:00 p.m. EST confirmed that operations on the first of its planned next two (2) wells at IEC's Kruh Block have commenced.
A drilling pad for the next well (called the "K-29" well) has been constructed and drilling pipe has been delivered. IEC's website has been updated with a company presentation and a slide showing photographs of these items: https://ir.indo-energy.com/wp-content/uploads/2025/09/INDONESIA-ENERGY-presentation-September-2025-added-photos.pdf
The entire conference presentation will also be available for replay next week at IEC's website at: https://ir.indo-energy.com
Mr. Frank Ingriselli, IEC's President, commented "We are excited that we have commenced operations for drilling the first of 2 wells planned on our 63,000-acre Kruh Block with the drilling pad for well K-29 being constructed and pipe delivered. We are now awaiting government approvals to our tender offers for the drilling rig and other large components to commence drilling. We will keep the marketplace updated as we embark on this exciting period for our company. We believe we have world class assets in Indonesia that should contribute to our strategic plan to maximize returns on our investments and grow shareholder value."
Posted In: INDO
