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Home»Explore by countries»Indonesia»Indonesia Energy updates K-29 drilling progress | INDO SEC Filing
Indonesia

Indonesia Energy updates K-29 drilling progress | INDO SEC Filing

By IslaAugust 13, 20269 Mins Read
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UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549

 

FORM
6-K

 

REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

OF
THE SECURITIES EXCHANGE ACT OF 1934

 

For
the month of August 2026

 

Commission
File Number 001-39164

 

Indonesia
Energy Corporation Limited

(Translation
of registrant’s name into English)

 

GIESMART
PLAZA 7th Floor

Jl.
Raya Pasar Minggu No. 17A

Pancoran
– Jakarta 12780

Indonesia

(Address
of principal executive offices)

 

Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form
20-F ☒ Form 40-F ☐

 

 

 

INCORPORATION
BY REFERENCE

 

This
report on Form 6-K (“Form 6-K Report”) shall be deemed to be incorporated by reference into the shelf registration statement
on Form F-3, as amended (Registration Number 333-278175) of Indonesia Energy Corporation Limited, a Cayman Islands exempted company (the
“Company”), declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2024 (“Registration
Statement”), and into each prospectus or prospectus supplement outstanding under the Registration Statement, to the extent not
superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended.

 

INFORMATION
CONTAINED IN THIS FORM 6-K REPORT

 

Press
Release

 

On
August 13, 2026, the Company issued a press release announcing that its K-29 well, which was spudded on July 25, 2026, continues to drill
ahead on schedule and has reached a depth of more than 2,500 feet. The Company also announced that its President, Frank Ingriselli, will
present at the 31st Annual EnerCom Energy Investment Conference. A copy of such press release is filed as Exhibit 99.1 to this Report.

 

CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

 

This
Form 6-K Report and the exhibit hereto contain certain forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our
or our management’s anticipations, expectations, hopes, beliefs, intentions or strategies regarding the future (including, without
limitation, with respect to the Company’s drilling plans) and other statements that are other than statements of historical fact.
In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including
any underlying assumptions, are forward-looking statements. The words “anticipate”, “believe”, “continue”,
“could”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”,
“possible”, “potential”, “predict”, “project”, “should”, “would”
or derivatives of these words and similar expressions may identify forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking.

 

The
forward-looking statements in this Form 6-K Report and the exhibit hereto are based upon various assumptions, many of which are based,
in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data
contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
As a result, you are cautioned not to rely on any forward-looking statements.

 

Should
one or more of risks or uncertainties related to our forward-looking statements materialize, should any of our assumptions prove incorrect,
or should we be unable to address any of the factors which impact our forward-looking statements, our actual results (including those
related to our drilling program at Kruh Block) may vary in material and adverse respects from those projected in these forward-looking
statements. Consequently, there can be no assurance that actual results or developments anticipated by us will be realized or, even if
substantially realized, that they will have the expected consequences to, or effects, on us. Given these uncertainties, prospective investors
are cautioned not to place undue reliance on such forward-looking statements.

 

We
undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as may be required under applicable laws. If one or more forward-looking statements are updated, no inference should
be drawn that additional updates will be made with respect to those or other forward-looking statements.

 

EXHIBIT
INDEX

 

Exhibit
No.
  Description
99.1   Press Release of the Company regarding drilling progress at the Company’s K-29 well, dated August 13, 2026.

 

 

SIGNATURES

 

Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

 

  INDONESIA
ENERGY CORPORATION LIMITED
     
Dated:
August 13, 2026
By: /s/
Frank Ingriselli
  Name: Frank
Ingriselli
  Title: President

 

 

Exhibit
99.1

 

 

Indonesia
Energy Corporation Reports Progress on Drilling of K-29 Well

 

Company
Also Announces Presentation at the 31st Annual EnerCom Energy Investment Conference on August 19

 

JAKARTA,
INDONESIA AND DANVILLE, CA, August 13, 2026 – Indonesia Energy Corporation (NYSE American: INDO) (“IEC”),
an oil and gas exploration and production company focused on Indonesia, today announced that its K-29 well, which was spudded on July
25, 2026, continues to drill ahead on schedule and has reached a depth of more than 2,500 feet.

 

The
planned total depth of the well is approximately 3,400 feet. At approximately 3,000 feet, IEC expects to enter the targeted reservoir
zone, after which IEC plans to conduct a coring job in the target zone. This is to determine the optimal stimulation method based on
the rock’s natural characteristics for maintaining and enhancing the initial production of the well. Drilling will then proceed
to the target depth, followed by wireline logging, casing and cementing, and perforation, before the well is finally prepared for production.
This final phase is expected to take several additional weeks, and IEC plans to provide an update once all well operations are complete.

 

The
following video provides an extensive look at the ongoing K-29 drilling operations: https://youtu.be/uLJytDh4PIo

 

Following
the drilling and completion of K-29, IEC plans to commence drilling operations at the WK-5 wellsite as part of its ongoing Kruh Block
drilling program. Preparatory operations at the WK-5 wellsite are progressing as planned. K-29 and WK-5 are each located within IEC’s
63,000-acre Kruh Block on the island of Sumatra.

 

IEC
also announced that its President, Frank Ingriselli, will present at the 31st Annual EnerCom Energy Investment Conference on Wednesday,
August 19, 2026, at 11:25 a.m. MDT at the Westin Denver Downtown.

 

IEC
also expects to participate in an interview with Mr. Ingriselli during the conference and plans to make the interview available on the
Company’s website as soon as practicable following the conference.

 

Mr.
Ingriselli commented “We are very pleased that drilling at K-29 remains on schedule as we approach the targeted reservoir zone.
We look forward to completing the well and then moving forward with drilling at WK-5 as we continue to execute our Kruh Block development
program. We also look forward to meeting with investors at the EnerCom conference and sharing our progress and strategy. We believe our
Indonesian assets offer significant development potential, and our focus remains on disciplined execution and creating long-term value
for our shareholders.”

 

About
Indonesia Energy Corporation Limited

 

Indonesia
Energy Corporation Limited (NYSE American: INDO)
is a publicly traded energy company engaged in the acquisition and development of
strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on
the Island of Sumatra in Indonesia and its Citarum Block (195,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered
in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.

 

 

Cautionary
Statement Regarding Forward-Looking Statements

 

All
statements in this press release and related statements of Indonesia Energy Corporation Limited (“IEC”) and its representatives
and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Acts”). In particular, the words “explore,” “could,” “estimates,”
“seek,” “believes,” “hopes,” “understand,” “expects,” “intends,”
“on-track”, “plans,” “anticipates,” “aim,” “goal,” “may” and
similar conditional expressions related to the future are intended to identify forward-looking statements within the meaning of the Acts
and are subject to the safe harbor created by the Acts. Any statements made in this news release, other than those of historical fact,
about an action, event or development, are forward-looking statements. In this press release, forward-looking statements include, without
limitation those related to the timing for, and results of, 2026 and other drilling activities at IEC’s Kruh Block as well as the
price of oil, which changes daily and could lower over time. While management has based any forward-looking statements contained herein
on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely
on a number of assumptions concerning future events and are subject to a number of significant risks, uncertainties, and other factors,
many of which are outside of the IEC’s control, that could cause actual results to materially and adversely differ from such statements.
Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section
of IEC’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed on April 29, 2026, and other filings with
the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov
and IEC’s website at https://ir.indo-energy.com/sec-filings/. IEC undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as required by law.

 

Company
Contact:

 

Frank
C. Ingriselli

President,
Indonesia Energy Corporation Limited

Frank.Ingriselli@Indo-Energy.com

 



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