Indonesia Energy starts oil production from K-29 well in Sumatra Kruh Block

• Indonesia Energy reported initial oil production from its newly drilled K-29 well in the 63,000-acre Kruh Block in Sumatra.
• Rig-up is underway at the WK-5 location, with spudding targeted by end-October; the well is planned to 5,200 feet.
• WK-5 targets additional formations from 3-D seismic work, including a potential natural gas-bearing zone; K-29 was drilled to 3,400 feet.
• IEC plans a hydraulic fracturing operation on K-29 to lift output; current production is about 60% oil with a 40% water cut.

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