Indonesia Energy Schedules May Drilling for Two Wells on 63,000-Acre Kruh Block
Indonesia Energy plans to begin drilling two new wells on its 63,000-acre Kruh Block before end of May, with drilling pads ready and rig BMA #9 secured. President Frank Ingriselli will present on May 5 at the Market Movers Summit, providing updates on pre-drilling operations and recent oil price impacts.
1. Investor Presentation Details
President Frank Ingriselli will speak at the Market Movers Investor Summit on May 5 at 1:20 p.m. Eastern time, outlining IEC’s operational progress and the implications of recent global oil price increases.
2. Kruh Block Pre-Drilling Progress
IEC has completed construction of drilling pads for its two new wells, K-29 and WK-5, on the 63,000-acre Kruh Block, and has delivered drilling pipe, drill bits, and wellheads to the site.
3. Rig Selection and Timeline
IEC appointed PT Bina Mitra Artha’s drilling rig BMA #9, which passed inspection and is en route to the first pad, with drilling expected to commence before the end of May.