Indonesia Energy Corporation Ltd. $(IEC)$ has announced progress on its upcoming drilling operations at the 64,000-acre Kruh Block in Sumatra, Indonesia. The company is preparing to drill two new wells, K-29 and WK-5, with drilling pads already constructed or delivered and critical equipment, including drilling pipe, drill bits, and wellheads, on site. The drilling rig has been selected and is currently under inspection, while government-approved drilling explosives have been transported to the designated warehouse. IEC remains on schedule to begin drilling the first well before the end of the first quarter of 2026, with both wells set to be drilled consecutively. The company describes the Kruh Block as a world-class asset and sees the project as key to maximizing returns and growing shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Indonesia Energy Corporation Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9622633-en) on January 09, 2026, and is solely responsible for the information contained therein.