INDO K-29 well reaches total depth; initial output due in two weeks
INDO says the K-29 well has reached total depth with promising oil flow. It expects initial production results within two weeks and plans to drill 16 additional wells over three years.
K-29 well has reached total depth with promising oil flow, and initial production results are expected within two weeks.
Plans include drilling 16 more wells over three years, with cash flow from new wells expected to fund ongoing operations and drive profitability.Based on Indonesia Energy Corpora…