$INDO

Indonesia Energy Corporation (NYSE American: INDO) said its K-29 well in the Kruh Block, spudded July 25, 2026, is drilling ahead and has reached over 2,500 feet toward a planned ~3,400-foot total depth. It expects to enter the reservoir zone around 3,000 feet for coring, then logging, casing, cementing and perforation, with production prep over coming weeks. The company also plans to start WK-5 next and said President Frank Ingriselli will present at the Aug. 19 EnerCom conference.

U.S. stock futures fell late Sunday as escalating U.S.-Iran conflict boosted oil prices and increased safe-haven demand. Nasdaq 100 futures and S&P 500 futures were down about 1.1%, Dow futures about 1.2%. Trump said U.S. bombing of Iran continues; Iran vowed retaliation. Oil rose up to 13% on Strait of Hormuz supply fears, lifting energy stocks and USO/XOM/CVX/INDO mentions.

Indosat Ooredoo Hutchison launched Zankore by Indosat, an AI infrastructure platform targeting 1 GW of NVIDIA DSX AI Factory capacity, with Ooredoo Group as lead investor and Nokia and NVIDIA as partners. Indosat says it will deliver about 200 MW in 1H 2027 using NVIDIA GB300 NVL72 processors. Initial deployment is Indonesia.

India’s primary market saw five notable IPOs in July 2026, raising about ₹25,800.62 crore in proposed or completed funds. The largest was SBI Funds Management’s ₹9,812.91 crore OFS (July 14-16), priced ₹545-574, listed July 21 at ₹609.75. Other IPOs highlighted: Manipal Health Enterprises (₹9,275.22 crore), Indo-MIM (₹3,811.21 crore), Juniper Green Energy (₹1,800 crore) and Lohia Corp.

Indonesia Energy Corporation (NYSE American: INDO) said its K-29 well at the Kruh Block in Sumatra was spudded and drilling began July 25, 2026. The well targets a total depth of 3,400 feet. After K-29, IEC plans to start drilling at the WK-5 site. The company also plans periodic YouTube Live updates with its president.

INDO SMC Ltd said it received a purchase order worth Rs. 66.60 crore (Rs. 6660 lacs, excluding taxes) for VFD panel supply, to be delivered before 31 July 2026, according to the company. The stock last traded on BSE at Rs. 406.95 versus Rs. 387.60 prior close, with intraday range Rs. 394.95 to Rs. 406.95.

Indonesia Energy Corporation (IEC) says it has started operations on the K-29 well, the first of a planned two-well drilling campaign at the Kruh Block in Indonesia. IEC reports fuel delivery, pit completion, equipment installation and system commissioning, with drilling to begin after final government safety clearances. After K-29, it plans to drill WK-5 and has filed environmental applications for up to 30 more wells by 2035.

Indonesia Energy Corporation (NYSE American: INDO) said operations began on its K-29 well at the Kruh Block in Indonesia. After K-29, it plans to start drilling at the WK-5 wellsite. Under its Kruh Block contract with Pertamina, Pertamina buys all crude and pays in USD at the Brent price minus transport costs. IEC also submitted environmental clearances for 30 additional wells before 2035.

Indonesia Energy Corporation (NYSE American: INDO) said it has started operations on the K-29 well at its Kruh Block in Sumatra, with drilling at the WK-5 wellsite planned next. Under its Kruh Block contract with Pertamina, Pertamina buys crude and pays in USD at the Brent price minus transport. IEC also submitted environmental clearances to drill 30 additional wells before 2035.

Indosat Ooredoo Hutchison said its Nokia-backed nationwide 5G modernization will create an “AI Grid,” combining centralized AI “factories” with distributed edge computing to support AI applications across Indonesia. It cites adoption of its Indonesian-language model “Sahabat AI” in education, healthcare, government and agriculture. Nokia will deploy 5G RAN tech including low-band nationwide and mid-band covering ~80% over 3.5 years; Nvidia is involved in AI-RAN trials.