Indonesia Energy Corp Ltd (INDO)

[FACT-MASTER]

Kruh 27
"Approximately 132 feet of oil sands were encountered at Kruh 27 between the depths of 3,058 and 3,190 feet."

Kruh 28
"today announced that while drilling the Kruh 28 well on IEC’s Kruh block, IEC unexpectedly found evidence of a potential natural gas bearing reservoir between 976 and 1,006 feet interval with 25 feet net thickness."

Speculating - Kruh 28 may contain a wet natural gas cap on top of a larger and longer oil bearing reservoir. Production could possibly be well over the expected 100 BOPD.

Could be separate from Kruh 27 or could be adjoining to Kruh 27.

With INDO mgmt. expecting to encounter oil at lower levels it is likely the natural gas discovery is considered "wet gas"

Natural gas discovery may be significant and could add some value to Kruh 28, however it may also be insignificant.

All, imo.