Indonesia Energy management commentary says H1 2026 revenue rises 66.38% on higher Kruh Block output and $86.09/bbl Indonesian crude price
Bitget2026/09/24 20:32- 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.
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