Indonesia Energy Corporation Ltd. (NYSE American: INDO) has released a corporate presentation outlining recent developments and future plans. The company highlighted the successful drilling of four oil discoveries and one gas discovery in the Kruh Block, where a recent five-year extension has resulted in improved contract terms, including a 100% increase in profit oil, a 40% increase in reserves, and a nearly 300% increase in net cash flow. For 2025-2026, Indonesia Energy Corporation has completed a 29 sq km 3D seismic program in the Kruh Block and plans to commence new drilling operations in the first quarter of 2026. The Kruh Block, which is currently producing from only one out of seven structures, averaged 124 barrels of oil per day in 2024. The company also operates the Citarum Block, a 195,000-acre asset with significant natural gas potential located 16 miles from Jakarta. Indonesia’s energy demand, particularly for natural gas and electricity, is expected to grow substantially through 2050, with a projected 6.3% annual increase in natural gas demand. You can access the full presentation through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Indonesia Energy Corporation Ltd. published the original content used to generate this news brief on January 28, 2026, and is solely responsible for the information contained therein.
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