Indonesia Energy Corporation Undervalued Due To Oil Price Increases And Drilling In The Kruh Block


  • Indonesia Energy Corporation is an oil and gas E&P business with an outstanding team comprising large players in the United States.
  • The company believes that production could increase sufficiently to deliver a cash flow increase of more than 200% y/y.
  • With the new information about the drilling of INDO’s producing block, I believe that the NPV of this asset could be worth $380 million.

Oil Drums with Blue Financial Graph

asbe/iStock via Getty Images

Indonesia Energy Corporation Limited (NYSE:INDO) is spiking up after management reported new information about the drilling process in the Kruh Block. In addition, the recent increase in crude oil price is moving the market. I counted the total

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