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Posted by GMG on :

I was looking into this and news came up today, also is this a miss print? Back on 9/5/03 it went from .14 to $155.00 and stayed their for 4 days and then went back to .16. Can anyone tell me what happened and what there opiinion is on this stock?
Indusmin Energy Corporation starts drilling second well Related Stocks
IDM.TO

IDMNF

IZE.BE

KIEV, Ukraine--(BUSINESS WIRE)--Sept. 30, 2003--Indusmin Energy Corp.(TSX:IDM) (IDMNF - news) (IZE:BE- 469065 (Germany)) a dynamic energy player engaged in the acquisition, exploration, development, and production of natural gas and oil worldwide is pleased to announce that it has started reworking well #11 at Krasnopolanske field in the Crimea, Ukraine as part of the work program for developing the Kerch project.

The works at the field will start September 30 and will be completed by November 15th. This is the second well that the company is working on, the previous rework on the well #5 in the same field produced and open outflow of 53 thousand cubic meters per day back in January 2002. Another rework will follow the well #11 within the present year.

"We have gathered all needed equipment and materials for the job and we are currently mobilizing the rig to the site; this second rework is the consolidation of the Kerch project as a valuable enterprise. All the licensing delays are now behind us and we expect to complete our work program as planned," Carlos Munoz, President & C.E.O.