Indonesia Energy Corporation Announces Pre-Drilling Progress On Planned Two Wells At Its Kruh Block
Benzinga Newsdesk 7 months ago
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Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced pre-drilling progress on its planned next two (2) wells at IEC's Kruh Block.IEC
Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced pre-drilling progress on its planned next two (2) wells at IEC's Kruh Block.
IEC expects to commence drilling at the first of these new wells within approximately the next 60 days. The wells are expected to be drilled on a back-to-back basis.
This progress comes at an auspicious time for IEC as oil prices worldwide have risen in light of the current conflict in the Middle East.