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INDO - Indonesia Energy Corporation Undervalued Due To Oil Price Increases And Drilling In The Kruh Block
March, 11 2022 10:33 AM
Indonesia Energy Corporation Limited
Indonesia Energy Corporation is an oil and gas E&P business with an outstanding team comprising large players in the United States. The company believes that production could increase sufficiently to deliver a cash flow increase of more than 200% y/y. With the new information about the drilling of INDO’s producing block, I believe that the NPV of this asset could be worth $380 million. For further details see:
Indonesia Energy Corporation Undervalued Due To Oil Price Increases And Drilling In The Kruh Block
Stock Information
Company Name:
Indonesia Energy Corporation Limited
Stock Symbol:
INDO
Market:
NYSE
Website:
indo-energy.com
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