Indonesia Energy Corp Ltd (INDO)

[FACT-MASTER]

I concur with your analysis, 2023 has been kind of a dry year for INDO.

Lack of seismic work activity, imo, has caused significant delays in the field development of the Kruh Block.

No word to date on Kruh 28 production re-start and/or on overall daily production.
It's difficult to find current information, to make a solid valuation analysis.
I'm referring to 2P/3P resources - which potentially are huge / daily production / and of course cash flow and EPS/ or loss.
Still hoping for a year end update.

Although a small cap oil stock, the reserves potential, coupled with prudent management who evidently have not engaged in reckless dilution, imo, still makes for a good case to hold INDO for the long term, imo.

Your welcome, and Have a Great Holiday!