Indocan Resources Management Visits Texas Wednesday May 31, 7:12 am ET
DALLAS, May 31 /PRNewswire-FirstCall/ -- The president of Indocan Resources Inc (OTC: IDCN - News) has been meeting all this week with Sunray Oil Company in Dallas, Texas. Indocan Resources has recently announced its investment in certain oil properties at Abilene, TX though Sunray Oil. The #1 well at Abilene has been completed and is producing around fifty BOPD. #2 well starts completion today with an estimated production of slightly less than the first well.
Wells three and four have the greatest potential as they will be drilled on the area considered to be the formation dome. Sunray Oil Operations Manager, Larry Stiles said, "We recently acquired the leases from the rancher that was holding out that gives us the acreage over the main formation; we should make two excellent wells on that site."
The #1 well location is close to the border of this new acreage and flowed 120 BOPD when first opened. Although currently choked back, it will be slowly increased over the next nine months. We have high hopes that wells #3 & #4 at Abilene will be as good as or better than #1. Drilling at #3 will commence within the month.
Indocan has interests in Texas, Oklahoma, British Columbia and Alberta in both crude oil and natural gas production. More information can be learned by visiting our website: www.indocan.com
***do your homework***
Ohio_Trader
superman7
posted
shakerzzz is buying this is good for some gain from here
superman7
posted
shakerzzz says he will take this to .003
Fuzzy1018
posted
stop with your shakerz man
superman7
posted
.0023 getting hit
superman7
posted
fuzzy u are crazy to tell me to stop cause look what his plays are doing u are really missing out buy not playing these
Hustla
posted
Who in the hhell is Shakerz???
Fuzzy1018
posted
i got burned few times with ur plays
superman7
posted
.0024 on the ask already a quick 10% i am still holding for about .0027 or .0028
ohio_trader
posted
moving back up...could get a mid-day runner
superman7
posted
fuzzy, i appoligize about that and i think right now the market is bad and now stock is running more then 50% and i am making onn almost every stock because with these conditions am happy with only 10-20% and i think if u build that same stratigy u will be fine...i am sorry that u lost on some of my plays its just i wouldnt chase nothing in this market...and it seems to me right now the only plays that i am making real money on are shakerzzz plays so i am jsut really watching those right now
quote:Originally posted by Fuzzy1018: i got burned few times with ur plays
superman7
posted
yes ohio, i am only looking for maybe 26 or 27 can go higher but with this market its hard to get a big winner
goodluck to u
superman7
posted
.0023 by .0024
2 by 1
kt325ci
posted
Abilene Update:
Completion Report:
June 5: We should have a report from Abilene #2 today or tomorrow concerning the completion work. Hole #3 will commence immediately. We are excited about #3 & #4 as we hope to hit the formation dome on these drill sites
STOCKGANGSTA
posted
seeee if you play shakkerz play right you will make money
THIS THING IS MOVING
ohio_trader
posted
up to .0025 now...
kt325ci
posted
.0024 x .0025 1x3
superman7
posted
yup i am already up about 15% on $2000 thats already $300 i can walk away here and get a nice lunch...if u do this everyday u dont need a job!
cactus33
posted
wow, there went that.. glad i stayed away
ohio_trader
posted
it's not done yet............
jaescobar22
posted
FUZZY, Don't tell someone to stop posting because you get burned, shakerzzz plays make lots of people lots of money, and the not so lucky ones lose some money. Superman can post what he wants, just set him to ignore, if you think you are going to get burned.
Remember Fuzzy, buy around the low, not at the High of the Day or Top of the Run
hovibaby316
posted
who is shakerzz?
hovibaby316
posted
anybody in on xkem?
krquinn
posted
I am curious too...who is shakerzz??
krquinn
posted
Found it
lukin4winners
posted
Waiting for a pr update on the Texas drill sites any day so rumor has it....
gatorboy2424
posted
yeah im in on this one too, is it suppose to be coming today?
McShooter
posted
Buying more at these prices!!! Loading up for the big run!!!
500 into 100K...You Gotta' Believe!!!
I_Pick_Pennies
posted
Not sure how this is going to effect the market....
Indocan Resources to Refocus on Texas and North America Only Thursday June 8, 2:24 pm ET
VANCOUVER, British Columbia, June 8 /PRNewswire-FirstCall/ -- Indocan Resources Inc (OTC: IDCN - News) With our recent success in Texas and the lack of success or even acceptable communication with our Thailand and Cambodia prospects the Board of Directors has decided to stop pursuing these Far East projects previously announced. The Board of Directors has also removed Sutida Suwunnavid of the Knightsbridge Group, from the Board. We will be attending the all important industry Global Petroleum show in Calgary, Alberta 13 to 15 June. The Global Petroleum Show is Canada's largest oil & gas industry trade event, attracting over 1600 exhibiting companies and 50,000 visitors from 85 countries. In recognition of the tremendous new opportunities for U.S. exporters in the oil & gas reserves of western Canada, the U.S. Commercial Service is organizing a U.S.A. Business Center right in the heart of the show. Participants in the 16000 Sq. Ft. center will receive exhibitor space, a market briefing, 4 - 6 pre-arranged appointments and a U.S. Consulate hosted reception.