Indonesia Energy celebrated oil production from its recently drilled K-29 well at the Kruh Block in Sumatra, Indonesia. The company is also preparing to spud the deeper WK-5 well by the end of October to test additional formations identified through a 3-D seismic program, including potential natural gas-bearing zones. K-29 is currently producing with approximately 60% oil and 40% water cut, which is being sold to Pertamina. Indonesia Energy Corporation Limited is an oil and gas exploration and production company focused on energy projects in Indonesia.
