 IEC plans to drill 6 new oil wells at the Kruh Block IECs producing asset in 2020, with the first well expected to be drilled in early third quarter 2020. Assuming successful completion of the sixth well, IEC expects production output from Kruh Block to more than quadruple over current production from the Kruh Block. In Indonesia, current natural gas prices are approximately 300 higher than in the U.S. 