(.0008) I called for this one 2 weeks ago at the same price. Recent news with more to come, could start a nice upward trend here!
Indocan Resources Negotiating Oil & Gas Properties
SAN ANTONIO, Texas, Aug 29, 2006 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors of Indocan Resources Inc. (OTC: IDCN) reports today that the Company is in advanced negotiations to acquire a substantial interest in oil and gas properties with two different companies.
The Oil and Gas Lease Sales Purchase Contract with an Ohio-based operation involves the purchase of up to fifty percent interest in multi-well sites that plan to rework and re-open existing wells. The other company is Texas based with multiple properties. We have identified one large prospect that has 320 lease acres and plans a 7,000 foot initiative in a field estimated to hold eight million barrels of oil and over 7 billion cubic feet of natural gas.
Once the agreements are executed a formal announcements will be made to the shareholders with additional details of drilling schedules and estimated reserves from geology reports.
Copyright (C) 2006 PR Newswire. All rights reserved.
Posted by liberty01 on :
Also the company should be negotiating a partnership as well with an already producing oil company. Maybe we can get an EOD run!
Good luck to all.
Posted by Joel T on :
anyone able to get in at the bid? that's a nice spread, are they trying hold it back? kinda wanting to jump in this one.
Posted by liberty01 on :
UBSS holding this one right now (good breakout this morning!!!). Should get one more PR in my opinion. You might be able to get in at .0008 before EOD. RSI looks safe and appears we have bottomed out.
IDCN has been flatlined for a month now, September is going to be their month to break out, plus check out the chart. Looking Good!
Good luck to ya.
Posted by Joel T on :
Well I'm in at the ask. Been trying for awhile at the bid and no luck
Posted by liberty01 on :
who is the company that your using. Are you using a limit order or market?
Posted by Joel T on :
I have ameritrade, but if I keep doing this for a living then I think I'll get a direct access.
Posted by liberty01 on :
nice, tell me if that ever happens!!!
Posted by Joel T on :
yea I might need to stay away from sub penny stocks, but they can be fun. although if you do the right things and don't fall for all the pump and dump scams which most of them are you can do pretty good.
Posted by liberty01 on :
Nice day today! Chart could use a little help. We could be in for a nice ride north. PPS finally caught up to my average. Now lets move this higher.
Posted by Joel T on :
It was a nice day for Idcn. I agree let's move it higher I need a new car. It almost september, which is usually a good time for pennies
Posted by liberty01 on :
Maybe we can get a a little gappage up tomorrow morning??? Im ridin' this one to .0080 or higher baby. Hopefully by end of september. If we can get some solid updates about lease properties and proven 3-d seismic readings of newley acquired leases - LOOK OUT!
Good luck to all.
Posted by liberty01 on :
HUGE BUY!! Just went theough the tape!! almost 8 Million shares!!
Posted by Joel T on :
C'mon guys smack that ask and let's back to 001 and beyond.
Posted by liberty01 on :
I think we can get steady buying pressure to move this north a little more. Hopefully we should end the week above the .001 mark!
Good luck to all
Posted by Joel T on :
have some buying pressure today, 0009 is holding good right now.
Posted by liberty01 on :
Okay, ill be seeing yall later iam going to make myself a nice drink and watch this action by the pool!!!
Oh yeah, did some reasearch on natural gas in ohio. They have an abundant supply and IDCN should be able to get a nice chunk of that pie!!!!
Posted by Joel T on :
cool keep up the good work and make sure to wear some sunblock. I'll continue to look at the ladies here in the coffee shop
Posted by Joel T on :
volume keeps creeping up. Let's break the 50ma of 00096 and then we have some resistance at about 11 or 13.
Posted by liberty01 on :
joel did you get in this yesterday? Cool if you did, we could ride this wave all the way til the End of September. PPS should be very attractive!
Posted by Joel T on :
yea I got in yesterday at 0008. So I looking for a little gain although it would be nice to get a ride on a rocket ship. Just got to remember to not get so greedy and take profits when the arise. but so far it's looking good so far. Hope we can all make some money on this one.
Posted by Brad C on :
OK guys I bought in today at .0009 so lets see what she will do!!!!! The chart looks good and so does the news on this stock. GOOD LUCK
Posted by Disnat74 on :
Does anyone know what the float is on this company ?
Posted by T e x on :
quote:Originally posted by Disnat74: Does anyone know what the float is on this company ?
somebody does...dig in, call 'em, find out...
Posted by liberty01 on :
Wow looks good to see this get some life back in it. We could be close to some all important news regarding a new partnership as well imo.
I have been following this now for the month of august just hoping to get some kind of update.
The float is from pink sheets dot com. Call to get updated #'s Float: 1,348,172,779 as of 2006-06-15
Hopefully we end the week with lots of volume and make it above the .001 spot. The next week would start September!!! then its on.
Good luck to all.
Posted by liberty01 on :
HUGE BId build going on. Lets get this stock to the MOOOOONNNNN BABYYY!!!
Posted by liberty01 on :
Hang tight all. Once we break .0010 then we will see some MM's screen's turn on!!!
Posted by Brad C on :
This stock should run this week. Thats just what I think.
Posted by Joel T on :
are we trading today?
Posted by Brad C on :
dont look like much
Posted by Joel T on :
Looking a little better now.
Posted by BPCWIFE on :
come on move up!!!!! move up!!!!
Posted by liberty01 on :
Hello everybody. What a vacaction. What have we got going on here today. HMMMM looks like -- nothing, boring.
Things should be happening here pretty soon.imo We are in the works of some nice partnerships and land leases. Time to generate interst in this puppy!
Posted by Joel T on :
C'mon baby you can do it/
Posted by Joel T on :
was that a trade for 20k shares. that's about 16.00.
Posted by liberty01 on :
Not much to talk about. Man what a slow summer. Can we get some back to school love to end the day!!!