The little-known explorer and producer plans to drill four new production wells at its Kruh Block oil field over the next 12 months.
NYSE-listed Indonesia Energy Corporation told shareholders overnight it had begun pre-drilling operations at its production asset, the Kruh Block, and its exploration asset, the Citarum Block, onshore Sumatra, Indonesia.
The little-known explorer and producer plans to drill four new production wells at its Kruh Block oil field over the next 12 months.