$Indonesia Energy Corp Ltd.(IN

2022-08-19

$Indonesia Energy Corp Ltd.(INDO)$Indonesia Energy Corp. Ltd. shares jumped 43% in premarket trading Tuesday after the company said it discovered a potential natural-gas bearing reservoir while drilling.

The Jakarta-based oil and gas company said the gas zone wasn't encountered in earlier drilling of the area but its existence is supported by wireline logging and geologic logging data.

If the zone is a natural gas discovery, it could add significant value to the expected oil discoveries anticipated at the drilling site, the company said.

Shares of the company closed Monday at $5.82, up about 2% over the last 52 weeks. The company's shares were at $8.34 in premarket trades.rades.

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Comments

potato112
2022-08-20
potato112
great, to the moon haha
gsazer
2022-08-19
gsazer
[Grin] [Grin] [Sly] [Sly]
Lord Tan
2022-08-19
Lord Tan
Very nice sucking
SYCher
2022-08-19
SYCher
Noted with thanks
rogue66
2022-08-19
rogue66
up
pointe
2022-08-19
pointe
Ok

Leave a comment

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