According to Zacks, “Indonesia Energy Corporation is an energy company. It is engaged in the oil and gas business primarily in Indonesia. Indonesia Energy Corporation is based in Jakarta, Indonesia. “
Separately, Noble Financial raised Indonesia Energy from a “market perform” rating to an “outperform” rating and set a $8.00 price objective for the company in a research report on Wednesday, March 31st.
Indonesia Energy Company Profile
Indonesia Energy Corporation Limited, through its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 km2 with net crude oil proved reserves of 1.98 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 km2 located onshore in West Java.
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