Project UpdateJul 29, 2026, 04:35 PM
Indonesia Energy Commences Drilling at K-29 Well
AI Summary
Indonesia Energy Corporation announced the commencement of drilling operations at its K-29 well on July 25, 2026, with a planned total depth of 3,400 feet. This marks the first of two new wells planned for the Kruh Block in 2026, with drilling at the WK-5 wellsite to follow. The company also plans to launch periodic YouTube Live discussions within the next thirty days to enhance shareholder communication.
Key Highlights
- Drilling commenced at the K-29 well on Saturday, July 25, 2026.
- The K-29 well has a planned total depth of 3,400 feet.
- K-29 is the first of two new planned wells at the Kruh Block in 2026.
- Following K-29, drilling operations will commence at the WK-5 wellsite.
- Both K-29 and WK-5 are located on the 63,000-acre Kruh Block in Sumatra.
- Company plans to launch periodic YouTube Live discussions within 30 days.
Price Impact
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