Indonesia Energy Discovers Oil During Testing Operations At Newly Drilled K-29 Well At Kruh Block; Expects Actual Production Operations At K-29 To Begin In Next Couple Of Weeks
Indonesia Energy Corporation (NYSE:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that IEC has discovered good quality oil during testing operations at the
An oil company found real oil in a new well they just drilled, which is a good sign. Now watch to see if they can actually start pumping it out smoothly in the coming weeks, since that's when we'll know if this discovery turns into real business.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.