Indonesia Energy Corporation Limited
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $45.4M
- Price
- $2.95
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.64%
- Volume
- 79.0K
About
Indonesia Energy Corporation Limited is an oil and gas exploration and production company operating within Indonesia. Its assets include a stake in the Kruh Block, a currently producing field situated northwest of Pendopo, Pali, South Sumatra. This block spans 258 square kilometers and contains 1.52 million barrels of proven net crude oil reserves. Additionally, the company holds an interest in the Citarum Block, a 3,924.67-square-kilometer exploration area located onshore in West Java. Established in 2018 with its headquarters in Jakarta, Indonesia, the company operates as a subsidiary of Maderic Holding Limited.
Quick stats
Shares outstanding15.4M
Computed float9.9M
Float / shares64.5%
Key info
SectorEnergy
IndustryOil & Gas Exploration & Production
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001757840
Websitehttps://www.indo-energy.com
AI Summary
AI-generated1/14
minorbullishoperations update
Indonesia Energy Corporation Reports Progress on Drilling of K-29 Well
Indonesia Energy Corporation reported that its K-29 well has reached a depth of more than 2,500 feet and remains on schedule since being spudded on July 25.
The company plans to conduct coring at approximately 3,000 feet to determine the optimal stimulation method before reaching the planned total depth of 3,400 feet.
IEC also noted that preparations for the next well, WK-5, are progressing, and President Frank Ingriselli will present at the EnerCom Energy Investment Conference on August 19.