Indonesia Energy Corp Ltd (INDO)

[FACT-MASTER]

Gas pipeline infrastructure in South Sumatra Island to Singapore in place - see map

https://www.geoexpro.com/articles/2021/03/undiscovered-hydrocarbon-potential-in-sumatra

[FACT-MASTER]

https://www.geoexpro.com/articles/2021/03/undiscovered-hydrocarbon-potential-in-sumatra

https://geoconvention.com/wp-content/uploads/abstracts/2020/57672-sub-thrust-exploration-plays-as-upside-potential-i.pdf

[FACT-MASTER]

Kruh 28 oil bearing zone might be considered a basement play since they struck gas first and drilling deeper for oil ( usually is reverse - gas is usually deeper)

"IEC unexpectedly found evidence of a potential natural gas bearing reservoir between 976 and 1,006 feet interval with 25 feet net thickness. This initial evidence was supported by both wireline logging and geologic logging data."

" IEC is continuing to drill the well towards the expected oil zone at 2,836 to 2,964 feet"

[FACT-MASTER]

JAKARTA, INDONESIA AND DANVILLE, CA, July 12, 2022 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation Limited (NYSE American: INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today announced that while drilling the Kruh 28 well on IEC’s Kruh block, IEC unexpectedly found evidence of a potential natural gas bearing reservoir between 976 and 1,006 feet interval with 25 feet net thickness. This initial evidence was supported by both wireline logging and geologic logging data.

This gas zone was not encountered in previous oil wells where IEC announced only oil discoveries. As previously announced, IEC commenced drilling for oil at Kruh 28 on June 22, 2022. If this zone turns out to be a natural gas discovery, it could add significant value to the expected oil discoveries anticipated at Kruh 28. IEC is continuing to drill the well towards the expected oil zone at 2,836 to 2,964 feet (subsea TVD depth) and expects to report final results when the well is anticipated to be completed in the coming weeks.

[FACT-MASTER]

Mr. Ingriselli, Thank you for this update.

Excellent news for INDO.

[FACT-MASTER]

https://ca.finance.yahoo.com/news/indonesia-energy-discovers-potential-natural-120000620.html

[FACT-MASTER]

NEWS:

https://ih.advfn.com/stock-market/AMEX/indonesia-energy-INDO/stock-news/88520351/indonesia-energy-commences-drilling-of-second-of-t

[FACT-MASTER]

A.H. close = 6.99

Always interesting here with INDO.

[FACT-MASTER]

Triple 6's the day low = not good

[FACT-MASTER]

Triple 7's on the close.

Is this a set up for another text book MOASS (mother of all short squeeze)?

Let's see what happens next week.

[FACT-MASTER]

https://oilprice.com/Latest-Energy-News/World-News/Theyre-Afraid-Prices-Will-Skyrocket-US-Fears-EU-Oil-Tanker-Insurance-Sancti.html

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Is-27-Million-Bpd-Below-Oil-Production-Target.amp.html

[FACT-MASTER]

No, not necessarily.

They filed an S-1 registration for 9,100,574shares back in early March in relation to convertible note financing - 7 million $'s first tranche and 5 million $'s second tranche with associated (700,00 approx) warrants at $6.00. Another $4.6 million if warrants are exercised.

Financing total = 16.65 million$$

Total shares outstanding i believe should be 16-20 million, however i'm not 100% sure on this number.

https://ih.advfn.com/stock-market/AMEX/indonesia-energy-INDO/stock-news/87508711/report-of-foreign-issuer-pursuant-to-rule-13a-16-o

https://ih.advfn.com/stock-market/AMEX/indonesia-energy-INDO/stock-news/87508757/securities-registration-foreign-private-issuer-f-1#FORMF-1_HTM_a_004

Company should be sufficiently funded for drilling the Kruh block for 2022.
Work at Citarum and Rangkas may need additional funding / oil major partner, imo.

[MouthBreather]

diluting shares to meet those expectations i guess

[FACT-MASTER]

INDO Power Point Presentation June 8/22

https://ir.indo-energy.com/wp-content/uploads/2022/06/INDONESIA_ENERGY_Investor_Presentation_June_8-2022.pdf

A Commitment to Driving Results
•Drill Approximately 4 producing Wells on Kruh Block by end of 2022
•Initial Production from each Well Estimated at 100 BOPD
•Company Goal to be Cash Flow Positive in 2022
•Conduct Appraisal & Development Activities on 1 Million Acre De-Risked Citarum Block to Unlock Resource Value
•Maintain Strong Balance Sheet to Offset Commodity Cyclicality
•Fund E&P Activities with Free Cash Flow, Moderate use of Debt and Equity
•Focus on Validating the Reserves of our Blocks to Provide Visible Growth Trajectory

[MouthBreather]

i think it says everything we need to know. along with this horrible market....

[Clean]

Did they ever provide an update relating to the below statement found in the filing?

We mobilized the drilling rigs to drill 2 back-to-back producing wells, namely the Kruh 27 and Kruh 28 well, at our Kruh Block in March 2022, and on May 12, 2022 we announced the discovery of oil at Kruh 27. We expect Kruh 27 to begin producing oil by the end of May 2022 and plan to commence drilling of the Kruh 28 well immediately thereafter. A third new well at Kruh Block is anticipated to commence drilling in the June-July 2022 timeframe, and likely a fourth new well sometime before the end of 2022. This activity is being funded in part from the net proceeds of our convertible note financing from L1 Capital described below (L1 Capital is the Selling Shareholder named in this prospectus).

https://www.sec.gov/Archives/edgar/data/0001757840/000149315222015725/form-424b4.htm

[starkd748]

Yup...Was look macd had no buying pressure

[MouthBreather]

yikes

[FACT-MASTER]

Coppock Curve, which was on a steady incline is flat and teetering on going into decline. (ref.macd, bollinger)

[StockLogistics]

4.58 gap 2/18/22, should finally close in 3 months, about September 13.

[Lcbm68]

Asian Apes doubling down on INDO and looking forward to huge gains next week.

Don’t miss this opportunity to make real money ~ get in Monday and out Friday and make some money

Lcbm68

[MouthBreather]

market is flipppinggggg, going to run next week too

[Lcbm68]

Ok dokey bro ??

[Lcbm68]

I hear yah but there other irons in that fire and news to come soon bro. I’m well conected to Shell

Lcbm68

[Lcbm68]

Everyone ~ we are just about to witness MOASS and when it takes off, the sky is the limit ~ oh my gosh are we ready for this exciting phase

Lcbm68

[ATVrider]

Shelf offering killed the momo. Bad timed, but I believe the bottom is near in two weeks we will be back above $15 imo.

[dinogreeves]

It is off my watchlist, how about you write me back when the gains are realized? Once I am out of any stock, I don't even follow it anymore.

[Lcbm68]

Oil is breaking resistance and INDO is on the move up up and up

Hold on and don’t sell until in the 20’s ~ this is a real winner without any doubt your going to make “mad money”

Lcbm68

[Lcbm68]

Your on the money bro and boy oh boy your going to make some serious money if you hold until end June ~ we could see the plus 20’s again and there is a very high likelihood so lock b load

Lcbm68

[Lcbm68]

No worries but make sure to write back to me next week when we witness 33% gains ok

Lcbm68

[dinogreeves]

Thanks for the feedback, I have a certain rule when it comes to trading, never go back to get back in, never. Though I believe there will be a quick spike on this one, but whether it will hold its gains is different story. I only traded AM*C in and out both times were a success....Oil stocks have cycles, you have to time them right. Good luck to you.

[Lcbm68]

It’s maybe not going to hit 20, but he’ll it’s going to get very close in the next 4-10 days so get ready fir a major upturn here bro

Lcbm68

[Lcbm68]

I’m sorry to hear that as no one should take joy in that my friend. But believe me when I tell you that we will see 17, 18 bucks on INDO in the coming days so if I were you I’d watch closely the dow jones index and when it crosses 333.75 get back in and double purchase as your going to head towards recovering that loss. We see at least 60% to 75% upside in the coming 4-10 days.

Lock n load bro

Lcbm68

[dinogreeves]

I have been out of this since the last couple of days ago, bad trade, lost 20 grand.

[Lcbm68]

It’s 100% guaranteed ~ believe me there is now HUGE opportunity on INDO

We are buying in this great dip

Lcbm68

[Lcbm68]

What out for a HUGE reversal ~ it’s coming and coming fast ~ don’t lose out

Lcbm68

[MouthBreather]

i had that feeling a couple days ago when i bought in for 13, thought there was no way it was going under 12 but here we are, not too worried cause with the low float this thing moves fast....hoping you are right about next week!!

[Lcbm68]

Oil price forecast for July 140 bucks and 175 by September

This is a huge buy back, so let’s make some money

Lcbm68

[Lcbm68]

Asian apes are all in at 10 bucks and still buying on the way up, look out for a huge reversal in hours ahead and tomorrow

A great opportunity as oil prices are going through the roof next month and onwards

Lcbm68

[Lcbm68]

Oil price keeps going up and will be 142 bucks by end July ~ we see 40% on this stock within next 3-4 weeks

A great and solid buy and shorts have helped us get a great buy back price

Lock n load to make some money

Lcbm68

[Lcbm68]

This is a great buying opportunity as this stock is going to 19.35 bucks in the next week < we are all in at 10 bucks today

Money to be made here and fast

Lcbm68

[MouthBreather]

what levels are you seeing? the company is making great strides so nothing to do with fundamentals. 13 average here and down a nice bit but not selling

[starkd748]

Needs further consolidation

[MouthBreather]

would love to see this get back to 20+

[starkd748]

INDO is a buy....Wow

[MouthBreather]

wooooo baby glad i grabbed these down here because shes doubling easy!!!

[MouthBreather]

seeking alpha article is shaking out some retail but i am holding this bitch for the June 8th conference minimum....they plan on drilling another 2-3 wells this year.....beast mode soon

[ATVrider]

Looks like it will happen $118,82 right now.

[dinogreeves]

Oil will hit 120 before market opens, they voted for 2/3 of Russian Oil Embargo.

[dinogreeves]

Very possible, if hedges want to take a stab at it again, they will surely take it up there again.