Indonesia Energy Completes Recording Of New 3D Seismic Operations at its Kruh Block and Expects to Drill New Production Wells By End of Year

Citarum Block operations, where natural gas reserves could potentially exceed a billion barrels of oil equivalent, to commence by end of year

JAKARTA, INDONESIA AND DANVILLE, CA, July 16, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company based in Indonesia, today provided an operational update and announced that it has completed the recording of 29 square kilometers of new 3D seismic at its 63,000 acre Kruh Block. IEC will now commence processing and detailed interpretation of the seismic data to optimize the selection of drilling locations in its Kruh, North Kruh and West Kruh fields. Importantly, IEC anticipates that the results of this seismic work may allow IEC to drill new production wells at Kruh Block by the end of 2024.