Indonesia Energy to Update Investors on K-29 Drilling at Planet MicroCap Conference
INDO•Indonesia Energy's President Frank Ingriselli will present on June 17 at the Planet MicroCap Conference to update investors on Kruh Block drilling, where K-29 pre-drilling has commenced and remains on schedule. The K-29 and follow-on WK-5 wells target value creation across a 63,000-acre Sumatra asset.
1. Presentation Details
On June 17 at 2:00 PM PDT, President Frank Ingriselli will present on Kruh Block drilling at the Planet MicroCap Conference in Las Vegas, with a live webcast option for remote investors.
2. Drilling Operations Update
Pre-drilling operations for the K-29 well at the Kruh Block have commenced and remain on schedule, with plans to commence drilling soon and follow with the WK-5 well in line with the development timeline.
3. Strategic Impact
The K-29 and WK-5 wells are key milestones in unlocking hydrocarbons across the 63,000-acre Kruh Block on Sumatra, reflecting the company’s strategy to leverage its asset base and current oil price environment to drive long-term value.
4. Investor Engagement
Ingriselli will host one-on-one meetings with institutional investors during the conference to discuss exploration progress, development plans, and the company’s execution discipline aimed at bolstering investor confidence ahead of drilling results.
