Announcement • 21h
Indonesia Energy Corporation Reports Progress on Drilling of K-29 Well Indonesia Energy Corporation announced that its K-29 well, which was spudded on July 25, 2026, continues to drill ahead on schedule and has reached a depth of more than 2,500 feet. The planned total depth of the well is approximately 3,400 feet. At approximately 3,000 feet, Indonesia Energy Corporation expects to enter the targeted reservoir zone, after which Indonesia Energy Corporation plans to conduct a coring job in the target zone. This is to determine the optimal stimulation method based on the rock's natural characteristics for maintaining and enhancing the initial production of the well. Drilling will then proceed to the target depth, followed by wireline logging, casing and cementing, and perforation, before the well is finally prepared for production. This final phase is expected to take several additional weeks, and Indonesia Energy Corporation plans to provide an update once all well operations are complete. Following the drilling and completion of K-29, Indonesia Energy Corporation plans to commence drilling operations at the WK-5 wellsite as part of its ongoing Kruh Block drilling program. Preparatory operations at the WK-5 wellsite are progressing as planned. K-29 and WK-5 are each located within Indonesia Energy Corporation’s 63,000-acre Kruh Block on the island of Sumatra. Announcement • Jul 27
Indonesia Energy Corporation Commences Drilling of K-29 Well at Kruh Block Indonesia Energy Corporation announced that on Saturday, July 25, 2026, its “K-29” well was spudded and drilling commenced. The planned total depth of the well is 3,400 feet. The spudding of K-29 comes less than three weeks following IEC’s announcement of the formal commencement of well operations at the site in advance of actual drilling. Following drilling and completion of the K-29 well, IEC plans to commence drilling operations at the WK-5 wellsite as part of its ongoing Kruh Block drilling program. Preparatory operations for drilling at the WK-5 wellsite are progressing as planned. K-29 and WK-5 are each located on IEC’s 63,000 acre Kruh Block on the island of Sumatra. Announcement • Jul 06
Indonesia Energy Corporation Commences Operations on K-29 Well At Kruh Block Indonesia Energy Corporation announced the commencement of operations on IEC’s “K-29” well during a recent visit by IEC President, Chief Operations Officer, and Chief Technology Officer. Following completion of the K-29 well, IEC plans to commence drilling operations at the WK-5 wellsite as part of its ongoing Kruh Block drilling program. Preparatory operations for drilling at the WK-5 wellsite are progressing as planned. Under IEC’s contract for Kruh Block with Pertamina, the Indonesian state-owned oil and gas company, Pertamina will purchase all the crude oil produced and pay IEC in USD at the price of Brent after subtracting a small transportation cost. Fuel has been delivered, the water and mud pits have been filled up, computer systems have been commissioned. All drilling equipment and related services are in place. Environmental clearances to drill an additional 30 wells on the Kruh Block before 2035 have been submitted. 
