Indonesia Energy Corporation announced encouraging results from a regional geochemical survey conducted at its 195,000-acre Citarum Block. The survey took place between September 2024 and March 2025.
The survey confirmed the presence of gas and oil in previous discoveries within the block. These confirmed areas will be the target for the first well to be drilled by IEC at Citarum.
This operational update provides a clear path for future exploration and development at the Citarum Block. The confirmation of resources de-risks initial drilling efforts and supports the company's growth strategy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.