INDO News and Press, Indonesia Energy Corporation Limited From 07/12/22

Indonesia Energy ( NYSE: INDO ) +40.7% pre-market Tuesday after saying it "unexpectedly found evidence of a potential natural gas bearing reservoir " while drilling the Kruh 28 well on its Kruh block on the island of Sumatra in Indonesia. "If this zone turns out to b...

In addition, IEC announces that current production at Kruh Block plus current market price for oil bring s IEC to current cash flow positive operations JAKARTA, INDONESIA AND DANVILLE, CA, July 12, 2022 (G...

N ew p roduction a nticipated to b ring IEC to c ash f low p ositive o perations JAKARTA, INDONESIA AND DANVILLE, CA, July 05, 2022 (GLOBE NE...

Gainers: Ecoark Holdings ( ZEST ) +7% . Losers: NGL Energy Partners ( NGL ) -15% . Mesa Royalty Trust ( MTR ) -12% . Riley Exploration Permian ( REPX ) -10% . Indonesia Energy ( INDO ) -10% . Zymergen ( ZY ) -10% . For furt...

We are raising our rating back to Outperform in response to share price weakness. The shares of INDO, which had risen as high as $87, have fallen back to a price near $7. We maintain that a fair value for the shares is around $15 which we have reinstated as our price target. The decline is an ...

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Crude oil closed with its seventh straight weekly gain as tight fuel supplies sustained bullish fundamentals, although the meteoric rise in energy stocks (NYSEARCA:XLE) began to cool off late in the week. WTI crude (CL1:COM) fell 0.7% on Friday following news that U.S. inflation surged to a f...

Gainers: Imperial Petroleum (IMPP) +12%. Clean Energy Fuels (CLNE) +12%. PHX Minerals (PHX) +11%. Snow Lake Resources (LITM) +6%. Losers: Energy Vault Holdings (NRGV) -16%. Indonesia Energy Corporation (INDO) -11%. Zymergen (ZY) -11%. NextDecade (NEXT) -11%. Lightwave Logic (LWLG) -...