IEC has 7 projects over 4 counties of northeastern Oklahoma consisting of over 1,000 acres and over 50 well bores of which about one-fourth have been brought on-line through re-works and recompletions.  Currently IEC has in excess of 6,000,000 barrels of recoverable reserves on these leases according to our latest independent reserve study done by one of the areas best known and qualified Petroleum Engineers.  Most of these wells are drilled to less than 3,000 feet TD and have numerous geological hydrocarbon formations that have historically been some of the most productive of the mid-continent shelf known as the Cherokee Platform.