Indonesia Energy Extends Kruh Block Contract With Pertamina For 5 Additional Years
Portfolio Pulse from Benzinga Newsdesk
Indonesia Energy Corporation (INDO) has extended its Kruh Block contract with Pertamina for an additional five years.

September 07, 2023 | 1:15 pm
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POSITIVE IMPACT
The extension of the Kruh Block contract with Pertamina for an additional five years is a positive development for Indonesia Energy Corporation.
The extension of the contract with Pertamina ensures a steady stream of revenue for Indonesia Energy Corporation for the next five years. This stability is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100