Indonesia Energy Corp. Ltd. operates as an oil and gas, exploration, and production company. The company is headquartered in Jakarta Selatan, Dki Jakarta and currently employs 31 full-time employees. The company went IPO on 2019-12-19. The firm holds two oil and gas assets through its subsidiaries in Indonesia: The Kruh Block and the Citarum Block. The company has also identified a potential third exploration block known as the Rangkas area. The Kruh Block is a producing block covering approximately 258 square kilometers and is located 16 miles northwest of Pendopo, Pali, South Sumatra. Of the eight identified oil-bearing structures, three structures (North Kruh, Kruh, and West Kruh fields) have combined proved developed and undeveloped gross crude oil reserves of approximately 2.06 million barrels (with net crude oil proved reserves of over 1.18 million barrels) and probable undeveloped gross crude oil reserves of over 2.44 million barrels. The block has drilled over four oil discoveries and one gas discovery. The Citarum Block, an exploration block, spans an area of approximately 3,924.67 square kilometers.
Follow-Up Questions
What is the price performance of INDO stock?
The current price of INDO is $2.86, it has increased 0.38% in the last trading day.
What are the primary business themes or industries for Indonesia Energy Corp Ltd?
Indonesia Energy Corp Ltd belongs to Energy industry and the sector is Energy
What is Indonesia Energy Corp Ltd market cap?
Indonesia Energy Corp Ltd's current market cap is $41.5M
Is Indonesia Energy Corp Ltd a buy, sell, or hold?
According to wall street analysts, 3 analysts have made analyst ratings for Indonesia Energy Corp Ltd, including 2 strong buy, 4 buy, 1 hold, 0 sell, and 2 strong sell
