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INDO is a buy....Wow
wooooo baby glad i grabbed these down here because shes doubling easy!!!
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
Looks like it will happen $118,82 right now.
Oil will hit 120 before market opens, they voted for 2/3 of Russian Oil Embargo.
Very possible, if hedges want to take a stab at it again, they will surely take it up there again.
Thats a lot of acres, drill drill. Last time wti hit $120 this company went to $80 per share without that news. No dilution since then, so we got a low float winner here imo.
Let's see what the verdict is on Russian Oil Embargo today, nevertheless, I think oil will peak around 180 with the embargo by late Summer, this is going back to 40-50 by then. One million sixty thousand acres, 18 drill site to be completed by end of the year and 20 dollars cost to drill oil and 1.5 million dollars per drill site net profits, 400 barrels per day of production by end of the year and low float, will hover around 400-500 million market cap by end of this year.
EU about to reach an agreement as soon as this week even tho Germany has agreed to stop buying russian oil, the 4th largest economy in the world. Also shanghai is back to business june 1st, do not underestimate there stands the biggest trade shipping port in the world.
WTI about to hit $117
Monday the verdict on the Russian Oil Embargo will set the oil sector on fire. Expecting this to hit 25-30 with oil reaching 120 dollars a barrel.
INDO is going to run big next week, huge...ONE MILLION SIXTY THOUSAND ACRES of land for drilling, their cost basis is only at 20 dollars the rest are profits, each drill site is 1.5 million dollars in net profits.
With oil about to break the key resistance level of $116 this is about to fly next week !!
One million hectares of possible oil prospects and 63,000 acres of possible proven oil reserves and with this float and market cap, only way up, news coming by the end of month of how much oil they are drilling. The spreads are huge in this thinly traded stock, not for every trader, there is an obvious pattern with this, market maker or some heavy whales are manipulating it to their advantage and shaking impatient weak retail.
Oil prices are going to increase at least 10% this week with EU decision on Russian Oil Embargo.
25-30 dollars coming the end of the month after the drilling report.
another move is brewing, spec oil starting to heat up again
Asian Apes making an attack on INDO Friday, watch this stock jump 20% mid morning ~ we are going to give it the rebound it needs and potentially 30% is possible
Lcbm68
Sanction to begin after Sunday 24th, 2022.
Otc hit wave 5 on the ELLIOTT WAVE last year, it's peak....1st quarter of 2021 was the most profitable year in the Russell index.....Otc died when new regulations came into play
OTC dump n dumps died in 2013 and they had to move onto something else.
its just crazy how they manipulate these stocks, especially the low floaters like INDO
recent high $87
now thats just sick
and traded the OS multiple times in just a single day
the securities and crypto markets are one of the most crooked things in the world
,,,,,,,Right now it’s a flippers game
Join HUSA Next runner
,,,,,,BACK IN FOR 4,000 $26-STARTER
HELLO, B-B!!! Well, INDO has had its glorious run!!! All over now, but boy that was FUN!! I'm giving you an iHub FOLLOW, B-B!! You are the CLASS ACT of iHub!!!
Yu are de man!!! im always looking for the next undervalued spec oil play.
Glad everyone made bank
,,,,,,,HOW DO SAY TRIFECTA IN UKRAINE
$indo $impp $pxs
GOD BLESS YOU, B-B!!! Without the Great Nation of CHINA, this Planet would have NOTHING!!!
GO-GO-GO-INDO=$$$$$$$$$
$61.99 , another volatility halt!! Ho lee CHOW
Locked in profits oil 5 count on the ELLIOTT WAVE
LOL !!! Honor and vealth my friend.
Kruh 27 is the next well to be drilled on the Kruh Block, and should be in progress, according to the last press release by INDO. (1/26/22)
Here's a bit of a review of Kruh 26 from last September:
https://www.upstreamonline.com/exploration/iec-discovers-oil-onshore-indonesia/2-1-1068208
"IEC said the Kruh 26 well took only 18 days to drill to a total depth of 3376 feet, which is about half the time that was budgeted. Both Kruh 25 and Kruh 26 were drilled under the previously announced budget of US$1.5 million per well.
Additionally, about 111 feet of oil sands were encountered at Kruh 26 between depths of 3100 and 3228 feet. The oil-bearing interval in this onshore well was thicker and larger than had been anticipated meaning the total reserves potential could be larger than pre-drill estimates."
Your English is hilarious!!! LOVE-IT, "B-B"!!! (And you should see my CHINESE script, Bro!!!)
Hoo Lee Sheets!!!
I'll thank you right NOW, E-Z!!! (HA-HA-HA!!!)
Great week and month thanks G-d!
The only thing I regret for not having more shares of this !
Also own PED and probably will add more next week;
I compared two companies and do like both , however PED has stronger fundamentals and leadership; could go much higher this year, two strong catalysts/ events are coming soon so must hold tight
Good luck!!
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COMPANY DESCRIPTION
REPORT-2022
http://stonegateinc.com/reports/INDO%20Feb2022.pdf
Indonesia Energy Corporation Limited (IEC), through its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. It holds 100% interests in the Kruh Block, a producing block covering an area of 63,753 acres with net crude oil proved reserves of 1.98 million barrels located to the northwest of Pendopo, Pali, South Sumatra. The Company's. Citarum Block is an exploration block covering an area of 969,807 acres located onshore in West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia and has a representative office in Danville, CA.
Stable cash flow generating property - The Company's Kruh Block is an onshore, producing block covering an area of 63,753 acres with net crude oil proved reserves of 1.98 million barrels. The block produced an average of 200 BOPD in 2020 with average production costs of $21.34 per barrel of oil.
Drilling program points to further growth - IEC's short-to-medium term objectives for the Kruh Block entails (1) optimizing the block's upside potential to increase reserve value, (2) increase production within the next 4 years with 18 new wells, and (3) generate free cash flow and increase IEC's value. To this end, IEC launched a reserve development plan that will see it drill 3 new wells in 2021 followed by 3 wells in 2022, 6 wells in 2023 and 3 wells in 2024. Each well is expected to cost ~ $1.5M and once all 18 wells are completed, IEC is targeting $264M in future net revenue.
ibox DD
credit MoneyMade
VIDEO
https://vimeo.com/405613079/3027b9f87d
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