Indonesia Energy To Present at LD Micro XV Annual Main

President Frank Ingriselli Will Present Update on Operations and Recently Completed New Discovery Well

JAKARTA, INDONESIA AND DANVILLE, CA, Oct. 21, 2022 (GLOBE NEWSWIRE) — Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, announced today its President, Frank Ingriselli, will be presenting at the LD Micro Main Event investor conference on Wednesday, October 26^th at 1:30pm PDT. The event will be held in-person at the Luxe Sunset Boulevard Hotel in Los Angeles and will be available to live stream virtually.

LD Micro Main Event – Indonesia Energy Investor Presentation
Date: Wednesday, October 26, 2022
Time: 1:30pm Pacific Time
Live Webcast https://me22.sequireevents.com

The presentation will also be available for replay at IEC’s website for 30 days at:
https://ir.indo-energy.com/events-and-presentations/

IEC announced yesterday that the Kruh 28 well on Kruh Block reached the final total depth at 3,475 feet depth on September 16, 2022. Approximately 135 feet of oil sands were encountered at Kruh 28 between the depths of 3,165 and 3,300 feet. This oil-bearing interval (meaning the top of the oil zone to the bottom of the oil zone) in the Kruh 28 well was 6 feet thicker and therefore larger than anticipated, meaning that the total reserve potential for Kruh 28 could be larger than anticipated. While drilling the K 28 well, two potential additional new oil formations were also discovered. In addition, as previously announced, IEC unexpectedly found evidence of a potential natural gas bearing reservoir between the 976 and 1,006 feet interval with 30 feet net thickness. This initial evidence was supported by both wireline logging and geologic logging data, and subsequent gas flaring.

Moreover, in an effort to maximize the potential of Kruh Block after several encouraging new oil discoveries made by IEC during 2021 and 2022, after production begins at Kruh 27 and Kruh 28,…