Indonesia Energy management commentary says H1 2026 revenue rises 66.38% on higher Kruh Block output and $86.09/bbl Indonesian crude price
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- Indonesia Energy Corporation management commentary flagged revenue of USD 1.78 million, up 66.38%, driven by higher output and pricing.
- Oil production rose to 24,869 barrels, up 23.64%, following stimulation work on the K-26 well that improved reservoir flow.
- Average Indonesian Crude Price climbed 26.77% to USD 86.09 per barrel, lifting revenue and cost-recovery entitlements.
- Average production cost fell to USD 40.64 per barrel from USD 49.46, reflecting higher volumes from the K-26 stimulation.
- Net loss narrowed to USD 1.88 million from USD 2.82 million, helped by stronger revenue and lower other expenses.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Indonesia Energy Corporation Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-044153), on September 24, 2026, and is solely responsible for the information contained therein.
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