GlobeNewswire·Jul 27, 2026, 7:30 AM ET

Indonesia Energy Corporation Commences Drilling of K-29 Well

Indonesia Energy Corporation (NYSE: INDO) commenced drilling on its "K-29" well at the Kruh Block in Sumatra on July 25, 2026.
The planned total depth for the K-29 well is 3,400 feet, with operations starting less than three weeks after the formal announcement.
Following the completion of K-29, the company plans to begin drilling at the WK-5 wellsite as part of the ongoing Kruh Block program.
Both K-29 and WK-5 are located on IEC's 63,000-acre Kruh Block on the island of Sumatra, with preparatory work for WK-5 progressing as planned.
The company expects to launch periodic YouTube Live discussions hosted by President Frank Ingriselli within the next thirty days to provide updates & facilitate Q&A sessions.
President Ingriselli highlighted the logistical challenges of the remote Sumatra location & credited the field team & local vendors for successfully reaching this drilling milestone.
IEC's principal assets include the 63,000-acre Kruh Block on Sumatra & the 195,000-acre Citarum Block on Java, with headquarters in Jakarta & an office in Danville, California.
The press release includes standard forward-looking statement cautions regarding future drilling results, oil prices, & potential risks affecting actual outcomes.