Monitor for K-29 well completion update and initial production results, which could provide a near-term catalyst. The EnerCom presentation on Aug 19 may offer strategic commentary. However, the company's going concern status and reliance on ATM financing remain overriding risks.
Price Chart
Executive Summary
Indonesia Energy Corp filed a 6-K reporting operational progress on its K-29 well, which has reached 2,500+ feet and remains on schedule toward a planned total depth of ~3,400 feet. The company also announced its President will present at the EnerCom conference on August 19. This is a routine operational update with no financial data, and it does not change the company's deteriorating financial position (revenue -24.5%, going concern opinion) reported in the April 20-F.
Key Facts
- K-29 well spudded July 25, 2026, reached >2,500 feet depth, on schedule toward ~3,400 ft total depth
- Expected to enter target reservoir zone at ~3,000 ft, then conduct coring job
- After K-29 completion, plans to drill WK-5 well as part of Kruh Block program
- President Frank Ingriselli to present at 31st Annual EnerCom Energy Investment Conference on Aug 19, 2026
- No financial figures, production data, or guidance provided in this filing
Financial Impact
No financial data in this filing; prior 20-F showed $2.01M revenue, $5.1M net loss, going concern
Risk Factors
- K-29 well may not encounter commercial hydrocarbons or may underperform expectations
- Company has going concern opinion, negative operating cash flow, and relies on ATM equity financing
- No production or revenue data in this update; fundamental deterioration from prior 20-F unchanged
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-037839 |
| Exhibit: ex99-1.htm | 0001493152-26-037839 |
| Document: 0001493152-26-037839-index-headers.html | 0001493152-26-037839 |
| Document: 0001493152-26-037839-index.html | 0001493152-26-037839 |
| Document: 0001493152-26-037839.txt | 0001493152-26-037839 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 6-K | $2.62 | awaiting T+20 | — | $2.59 (−1.15%) |
Oct 6, 2026 21d ago | 6-K | $2.77 | awaiting T+20 | — | $2.59 (−6.50%) |
Sep 24, 2026 4w ago | 6-K | $2.81 $2.73 | ▲ +2.85% | ▲ +1.37% | $2.59 (+7.83%) |
Sep 2, 2026 7w ago | 6-K | $3.11 $2.67 | ▼ −14.15% | ▼ −12.96% | $2.59 (−16.72%) |
Aug 13, 2026 10w ago | 6-K | $2.98 $3.07 | ▲ +3.02% | ▲ +5.01% | $2.59 (−13.09%) |
May 28, 2026 21w ago | 6-K | $2.87 $2.80 | ▼ −2.44% | ▼ −0.65% | $2.59 (−9.76%) |
Apr 29, 2026 25w ago | 20-F | $3.37 $2.87 | ▲ +14.84% | ▲ +19.80% | $2.59 (+23.15%) |
Apr 27, 2026 26w ago | 424B5 | $3.27 $2.91 | ▲ +11.01% | ▲ +16.48% | $2.59 (+20.80%) |
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