Indocan Resources Adds Abilene & Albany to Sunray Deal
August 25 2005 - 12:44PM
PR Newswire (US)
ADDISON, Texas, Aug. 25 /PRNewswire-FirstCall/ -- Indocan Resources
Inc (OTC:IDCN) (BULLETIN BOARD: IDCN) today announces it has also
entered into an agreement with Sunray Oil Company of Addison,
Texas, http://www.sunrayoilcompany.com/ and a consortium assembled
by Sunray Oil, whereby Indocan Resources Inc. has agreed to
purchase a 30% interest in the Abilene and 30% interest in the
Albany projects as well as the original commitment on the Carnell
No. 3. At Abilene, Sunray will drill and complete two (2) wells to
the depth of 2,800' and Indocan will additionally have the "First
Right of Refusal" for further participation in additional wells. At
Albany Sunray will drill and complete ten (10) wells to the depth
of 2,800', re-work and/or recomplete all thirty-six (36) wells to
maximize production. Indocan will additionally have the "First
Right of Refusal" for further participation in additional wells.
More information is available at http://www.indocan.com/ Company
Info: +1-604-929-7224 Jeffrey R Bruhjell, president CONTACT:
Investor Relations, Ken Ash +1-252-728-2942. DATASOURCE: Indocan
Resources Inc. CONTACT: Ken Ash, Investor Relations,
+1-252-728-2942, or Jeffrey R Bruhjell, president, +1-604-929-7224,
both of Indocan Resources Inc. Web site:
http://www.sunrayoilcompany.com/ Web site: http://www.indocan.com/
Copyright