Indonesia Energy (INDO) Stock Soars Amid Middle East Tensions, Oil Disruption Fears
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2025
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Source: Benzinga
Surge in Indonesia Energy Corp Shares: Indonesia Energy Corp Ltd (INDO) shares have surged 35% to $6.85 amid rising geopolitical tensions in the Middle East and concerns over global oil supply disruptions, particularly following U.S. airstrikes on Iranian nuclear sites.
Investor Interest Driven by Oil Prices: The heightened risk surrounding oil supply, including potential closure of the Strait of Hormuz by Iran, is driving speculative investor interest towards small-cap oil exploration firms like Indonesia Energy, which benefits from increasing oil prices due to its production-linked revenue model.
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Analyst Views on INDO
About INDO
Indonesia Energy Corporation Limited is an independent energy company engaged in the oil and gas business. The Company holds two oil and gas assets through its subsidiaries in Indonesia: The Kruh Block and the Citarum Block. It has also identified a potential third exploration block known as the Rangkas area. The Kruh Block is a producing block covering approximately 258 square kilometers and is located 16 miles northwest of Pendopo, Pali, South Sumatra. Of the eight identified oil-bearing structures, three structures (North Kruh, Kruh, and West Kruh fields) have combined proved developed and undeveloped gross crude oil reserves of approximately 2.06 million barrels (with net crude oil proved reserves of over 1.18 million barrels) and probable undeveloped gross crude oil reserves of over 2.44 million barrels. The block has drilled over four oil discoveries and one gas discovery. The Citarum Block, an exploration block, spans an area of approximately 3,924.67 square kilometers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Indonesia Energy Corporation Plans to Commence Drilling New Wells in Q1 2026
- Drilling Progress: Indonesia Energy Corporation has completed the construction of drilling pads for its two new wells (K-29 and WK-5) at the Kruh Block, with plans to commence drilling in Q1 2026, which is expected to enhance the company's oil and gas output and strengthen its competitive position in the Indonesian market.
- Equipment Readiness: Drilling pipes, bits, and wellheads have been delivered, and the drilling rig is currently under inspection to ensure optimal operational readiness before drilling begins, thereby improving operational efficiency and reducing potential risks.
- Strategic Assets: IEC's Kruh Block encompasses 64,000 acres of high-quality assets in Indonesia, which are anticipated to significantly support the company's long-term growth and shareholder value, highlighting its strategic focus on developing high-growth energy projects.
- Market Communication: President Frank Ingriselli will present at the DealFlow Discovery Conference on January 28, 2026, to share updates on drilling progress, enhancing investor confidence and increasing market attention on the company's future developments.
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