Indonesia Energy publishes corporate presentation on Kruh Block drilling plans, Citarum gas development program

Indonesia Energy Corp Ltd.

Indonesia Energy Corp Ltd.

INDO

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  • Indonesia Energy outlined plans to start a continuous drilling program on its Kruh Block in June 2026 following 29 sq. km of 3D seismic.
  • Kruh averaged 124 barrels of oil per day in 2024; first-half 2025 output averaged about 111 barrels per day; 2023 operating cost was USD 32 per barrel.
  • Kruh proved net oil reserves were 2,556,125 barrels at June 30, 2025, including 2,411,466 barrels proved undeveloped.
  • Development plan targets 18 new wells through 2030; estimated cost per well USD 1.8 million; projected future net revenue USD 222 million.
  • Citarum Block appraisal and development plans target a 195,000-acre gas-focused asset held to 2048; company cites potential USD 1 billion resource value.


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