INDO | Jotup

Indonesia Energy to Present at The Microcap Conference in Atlantic City on January 31 and again on February 1, 2024

Retrieved on:

Tuesday, January 23, 2024

JAKARTA, INDONESIA AND DANVILLE, CA, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company based in Indonesia, today announced its President, Frank Ingriselli, will be presenting at The Microcap Conference in Atlantic City on January 31, 2024 at 3:40PM EST and again on February 1, 2024 at 10:25AM EST.

Key Points:

The in-person event will take place at the Caesar's Atlantic City Hotel and Casino.
IEC will also discuss the positive impact resulting from the recent contract extension to its Kruh Block as discussed further below.
Kruh Block covers approximately 63,000 acres and is located onshore on the Island of South Sumatra in Indonesia.
We believe we have world class assets that should contribute our strategic plan to maximize returns on our investments and grow shareholder value.”

Senior Executives of Indonesia Energy Take on New Roles and New Board Member Added

Retrieved on:

Wednesday, January 17, 2024

Social media, IEC, Government, INDO, Investment, Weatherford International, Marketing, Management

JAKARTA, INDONESIA AND DANVILLE, CA, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it has made changes and enhanced the effectiveness of its management team and Board of Directors.

Key Points:

Mr. Mirza Said has been appointed as Chief Operating Officer of the Company.
Over the past several years, he has been involved with and helped guide all aspects of our operations and business and has been an invaluable C-suite team member.
Mr. Fathurachman replaces Mr. Tamba Hutapea, who is retiring as a member of IEC’s board of directors.
Dr. Jusuf stated “Amhad brings an independent perspective, experience and new energy to our board as we look to drive our drilling programs ahead.

HP Partners with INDO-MIM to Advance Metal Additive Manufacturing

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Tuesday, November 7, 2023

Digital, 3D, HP Inc., HP, Printing, Metal injection molding, S100, Metal, Acquisition, Personalization, Additive, MIM, Software, Partnership, Health, 3D printing, INDO

This collaboration marks a significant step toward advancing metal additive manufacturing technology and expanding its applications in various industries.

Key Points:

This collaboration marks a significant step toward advancing metal additive manufacturing technology and expanding its applications in various industries.
INDO-MIM has initially invested in three cutting-edge HP Metal Jet S100 printers as part of this collaboration, strengthening their commitment to advancing additive manufacturing globally.
“We are proud to partner with INDO-MIM to create new possibilities for their customers leveraging our S100 solution and metals additive manufacturing capabilities.
Together, these leading companies are well-positioned to unleash the full potential of metal additive manufacturing, helping transform markets including aerospace, automotive, consumer electronics, healthcare, industrial, and more.

HP Highlights Advancements in Polymers and Metals 3D Printing at Formnext 2023

Retrieved on:

Tuesday, November 7, 2023

FRANKFURT, Germany, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Today at Formnext, the world’s leading additive manufacturing event, HP Inc. (Booth D41, Hall 12.1) showcased its strong commitment to sustainable manufacturing, including new innovations, materials, tools, and expanded software capabilities to accelerate the journey from adoption to scale for polymers and metals 3D printing. HP is also highlighting its industry-leading work with partners and customers including BMW, Decathlon, INDO-MIM, and others.

Key Points:

FRANKFURT, Germany, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Today at Formnext, the world’s leading additive manufacturing event, HP Inc. (Booth D41, Hall 12.1) showcased its strong commitment to sustainable manufacturing, including new innovations, materials, tools, and expanded software capabilities to accelerate the journey from adoption to scale for polymers and metals 3D printing.
To help meet sustainability goals while reducing costs, BMW Group uses the HP Jet Fusion 3D Automation Accessory.
HP is also showcasing new 3D polymers solutions, advanced automation capabilities, integrated software options, and 3D metals momentum, including:
New innovations in HP’s extensive 3D polymers portfolio include the HP Jet Fusion 5600 Series and the HP Jet Fusion 5000 Solution.
HP continues its industry-leading momentum in 3D metals announcing new partnerships with INDO-MIM, Sandvik, and Elnik, and additional metals materials with long standing partner GKN Additive.

Indonesia Energy to Present at H.C. Wainwright 25th Annual Global Investment Conference On Tuesday, September 12, 2023

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Friday, September 8, 2023

INDO, Island, K-28, Acquisition, Investment, K-21, Natural gas, IEC, Madison Avenue, Lotte New York Palace Hotel, Conference, NYSE, Pertamina

JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced its President, Frank Ingriselli, will be presenting at the H.C. Wainwright 25th Annual Global Investment Conference on Tuesday, September 12 at 12:00PM EST. The in-person venue for the event is the Lotte New York Palace Hotel in New York City. IEC will provide an update on its development plans for its Kruh Block and its Citarum Block and also the recent contract extension to it its Kruh Block as discussed further below.

Key Points:

JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced its President, Frank Ingriselli, will be presenting at the H.C. Wainwright 25th Annual Global Investment Conference on Tuesday, September 12 at 12:00PM EST.
The in-person venue for the event is the Lotte New York Palace Hotel in New York City.
Kruh Block covers approximately 63,000 acres and is located onshore on the Island of South Sumatra in Indonesia.
Additionally, a 3D seismic program at Kruh Block, including data acquisition, processing and interpretation will be conducted in early 2024.

Indonesia Energy Announces Five-Year Extension of its Government Contract for Kruh Block

Retrieved on:

Thursday, September 7, 2023

INDO, Island, K-28, Acquisition, K-21, Natural gas, IEC, NYSE

JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that its joint operation contract with Pertamina, the Indonesian state-owned oil and gas company, covering the Kruh Block has been amended to extend the contract term by 5 years from May 2030 to September 2035. Kruh Block covers approximately 63,000 acres and is located onshore on the Island of South Sumatra in Indonesia.

Key Points:

Kruh Block covers approximately 63,000 acres and is located onshore on the Island of South Sumatra in Indonesia.
The amended joint operation contract has the following key terms:
In addition, given the 5-year extended term of the contract, the amended contract is expected to increase IEC’s proved reserves at Kruh Block by over 40%.
Furthermore, given the increased profit split, IEC’s anticipated net cash flow calculations based on its Kruh Block development plan are expected to increase by over 200% versus IEC’s anticipations under the prior contract.
Additionally, a 3D seismic program at Kruh Block, including data acquisition, processing and interpretation will be conducted in early 2024.

Oriental Yuhong Appears at INDO BUILD TECH

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Thursday, July 13, 2023

Economy of China, INDO, Exhibition, Department of Trade and Industry (Philippines), Oriental Yuhong, Multimedia, Department of Industry, Tourism and Resources, Wind, Jakarta Convention Center, JCC, LTD

Since its launch in 2003, INDO BUILD TECH has been successfully held for 21 sessions.

Key Points:

Since its launch in 2003, INDO BUILD TECH has been successfully held for 21 sessions.
In order to further expand the overseas development space and comprehensively enhance the international influence of "Made in China" brand, the overseas business department and technical team from Oriental Yuhong showed up at INDO BUILD TECH with a number of new products.
After more than a decade of development, INDO BUILD TECH has become a large-scale and popular exhibition for building materials and supporting services in Indonesia.
Such political and economic distribution determines the role of INDO BUILD TECH as a "wind vane" in Indonesia's building materials market.

Indonesia Energy Announces Updates on Discovery Wells Drilled in 2022 and Development Plans for 2023

Retrieved on:

Monday, March 27, 2023

Government of Indonesia, INDO, Negotiation, Government, Acquisition, Natural gas, BOPD, IEC, Fracture, NYSE, Kruh, Sand

JAKARTA, INDONESIA AND DANVILLE, CA, March 27, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced updates on its discovery wells drilled in 2022 and its ongoing development activities and plans for 2023 and beyond, including a potential contract extension for its Kruh Block.

Key Points:

JAKARTA, INDONESIA AND DANVILLE, CA, March 27, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced updates on its discovery wells drilled in 2022 and its ongoing development activities and plans for 2023 and beyond, including a potential contract extension for its Kruh Block.
To maximize the production at Kruh Block, IEC is in the process of conducting a workover of the existing Kruh-21 well, which was drilled in 2015.
Oil production from the Kruh-21 and Kruh-28 wells is expected in the third quarter of 2023.
After completion and full interpretation of this seismic operations IEC plans to re-start its continuous drilling campaign at Kruh Block.

Indonesia Energy Announces Production Updates on Kruh Wells 27 and 28, the Two Back-to-Back Discovery Wells Drilled in 2022

Retrieved on:

Tuesday, December 13, 2022

JAKARTA, INDONESIA AND DANVILLE, CA, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced production updates on its Kruh 27 and Kruh 28 wells. These two back-to-back discovery wells were drilled by IEC during 2022 at its 63,000-acre Kruh Block.

Key Points:

JAKARTA, INDONESIA AND DANVILLE, CA, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced production updates on its Kruh 27 and Kruh 28 wells.
These two back-to-back discovery wells were drilled by IEC during 2022 at its 63,000-acre Kruh Block.
IEC anticipates that the stimulation work at Kruh 27 could provide similar production enhancement after the well begins production again expected in January 2023.
Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia.

Indonesia Energy To Present at LD Micro XV Annual Main Event Investor Conference on Wednesday, October 26th at 1:30pm PDT

Retrieved on:

Friday, October 21, 2022

JAKARTA, INDONESIA AND DANVILLE, CA, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, announced today its President, Frank Ingriselli, will be presenting at the LD Micro Main Event investor conference on Wednesday, October 26th at 1:30pm PDT. The event will be held in-person at the Luxe Sunset Boulevard Hotel in Los Angeles and will be available to live stream virtually.

Key Points:

Approximately 135 feet of oil sands were encountered at Kruh 28 between the depths of 3,165 and 3,300 feet.
While drilling the K 28 well, two potential additional new oil formations were also discovered.
This initial evidence was supported by both wireline logging and geologic logging data, and subsequent gas flaring.
Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia.