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Indonesia Energy Corp Ltd
Indonesia Energy Corporation (INDO) announced the commencement of oil production from its K-29 well at the Kruh Block in Sumatra and is currently preparing to spud the nearby WK-5 well. The WK-5 well is planned to be drilled to a depth of approximately 5,200 feet, while the company is also conducting hydraulic fracturing operations on the K-29 well to maximize production.…more
Indonesia Energy Corp Ltd
Indonesia Energy Corp (INDO) reported revenue of $1.78 million and a net loss of $1.88 million for the first half of 2026. The company completed drilling of the K-29 well at the Kruh Block in August 2026, with production expected to commence in late September, and raised $2.25 million through an ATM offering during the period.…more
Indonesia Energy Corp Ltd
Indonesia Energy Corporation (INDO) announced the discovery of good quality oil during testing operations at its newly drilled K-29 well in the Kruh Block. The well reached a total depth of 3,378 feet, and actual production operations are expected to commence within the next two weeks.…more
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MSCI Begins Consultation to Reclassify Indonesia from Emerging to Standalone Market…more
MSCI has launched a consultation to reclassify the Indonesian equity market from Emerging Market to Standalone status due to concerns over market opacity and trading irregularities. Unless significant governance improvements are demonstrated, this reclassification could limit foreign institutional investment in the country.…more
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Indonesia Energy Corporation has commenced oil production at its K-29 well in the Kruh Block and is preparing to drill the new WK-5 well to test deeper formations. The company aims to increase production through these ongoing exploration and development activities in Sumatra.…more
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Indonesia Energy Corporation has announced the availability of its unaudited financial results for the first half of 2026. The financial report is accessible to the public via the company's investor relations website.…more
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