Indonesia Energy Corporation, an oil and gas exploration and production company focused on Indonesia, has announced that its K-29 well, which was spudded on July 25, 2026, continues to drill ahead on schedule and has reached a depth of more than 2,500 feet.
The planned total depth of the well is approximately 3,400 feet. At approximately 3,000 feet, IEC expects to enter the targeted reservoir zone, after which IEC plans to conduct a coring job in the target zone. This is to determine the optimal stimulation method based on the rock's natural characteristics for maintaining and enhancing the initial production of the well. Drilling will then proceed to the target depth, followed by wireline logging, casing and cementing, and perforation, before the well is finally prepared for production. This final phase is expected to take several additional weeks, and IEC plans to provide an update once all well operations are complete.
The following video provides an extensive look at the ongoing K-29 drilling operations: https://youtu.be/uLJytDh4PIo
Following the drilling and completion of K-29, IEC plans to commence drilling operations at the WK-5 wellsite as part of its ongoing Kruh Block drilling program. Preparatory operations at the WK-5 wellsite are progressing as planned. K-29 and WK-5 are each located within IEC’s 63,000-acre Kruh Block on the island of Sumatra.
IEC also announced that its President, Frank Ingriselli, will present at the 31st Annual EnerCom Energy Investment Conference on Wednesday, August 19, 2026, at 11:25 a.m. MDT at the Westin Denver Downtown.
IEC also expects to participate in an interview with Mr. Ingriselli during the conference and plans to make the interview available on the Company’s website as soon as practicable following the conference.
Mr. Ingriselli commented 'We are very pleased that drilling at K-29 remains on schedule as we approach the targeted reservoir zone. We look forward to completing the well and then moving forward with drilling at WK-5 as we continue to execute our Kruh Block development program. We also look forward to meeting with investors at the EnerCom conference and sharing our progress and strategy. We believe our Indonesian assets offer significant development potential, and our focus remains on disciplined execution and creating long-term value for our shareholders.'
Source: Indonesia Energy Corp
