Indonesia Energy Commences Operations on First of Two New Wells at Kruh Block
ByAinvest
Tuesday, Sep 9, 2025 2:08 pm ET1min read
INDO--
The Kruh Block, located on the Island of Sumatra in Indonesia, spans a substantial 63,000 acres. The development is a strategic move for Indonesia Energy Corporation, which is focused on maximizing returns on its investments and growing shareholder value. The company's President, Frank Ingriselli, highlighted the progress during his presentation, expressing excitement about the commencement of drilling operations [1].
While the drilling pad and pipe delivery are significant milestones, the company is currently awaiting government approvals for tender offers related to the drilling rig and other major components before actual drilling can begin. This regulatory process is crucial for ensuring the smooth and compliant execution of the drilling operations.
Indonesia Energy Corporation is committed to keeping the marketplace updated on its progress at the Kruh Block. The company's strategic assets in Indonesia are expected to contribute significantly to its overall growth and profitability.
References:
[1] https://www.stocktitan.net/news/INDO/indonesia-energy-announces-that-operations-on-the-first-of-two-new-uwhs51y1s0bx.html
Indonesia Energy Corporation has commenced operations for drilling the first of two new wells at the Kruh Block, with a drilling pad constructed and pipe delivered. The company's President, Frank Ingriselli, confirmed the development during a presentation at the H.C. Wainwright Global Investment Conference. The Kruh Block is a 63,000-acre asset on the Island of Sumatra in Indonesia.
Indonesia Energy Corporation (NYSE American: INDO) has made significant strides in its exploration and production activities by commencing operations for the first of two new wells at its Kruh Block. The company announced during the H.C. Wainwright Global Investment Conference that the drilling pad for the K-29 well has been constructed and drilling pipe has been delivered to the site [1].The Kruh Block, located on the Island of Sumatra in Indonesia, spans a substantial 63,000 acres. The development is a strategic move for Indonesia Energy Corporation, which is focused on maximizing returns on its investments and growing shareholder value. The company's President, Frank Ingriselli, highlighted the progress during his presentation, expressing excitement about the commencement of drilling operations [1].
While the drilling pad and pipe delivery are significant milestones, the company is currently awaiting government approvals for tender offers related to the drilling rig and other major components before actual drilling can begin. This regulatory process is crucial for ensuring the smooth and compliant execution of the drilling operations.
Indonesia Energy Corporation is committed to keeping the marketplace updated on its progress at the Kruh Block. The company's strategic assets in Indonesia are expected to contribute significantly to its overall growth and profitability.
References:
[1] https://www.stocktitan.net/news/INDO/indonesia-energy-announces-that-operations-on-the-first-of-two-new-uwhs51y1s0bx.html
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