Indonesia Energy Corporation to Accelerate Kruh and Citarum Projects

Summary

Indonesia Energy Corporation Ltd plans to focus on the new well-drilling project in Kruh Block, and resume the advanced exploration in Citarum Block. The company is ready to spend US$ 3 million on capital expenditure for the oil well drilling in Kruh Block. In 2019, the company focused on starting trading on the New York Stock Exchange. As a result, the company can only launch the drilling and exploration projects this year.

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