Indocan Resources Instructs Thai Lawyers
October 14 2005 - 11:48AM
PR Newswire (US)
BANKOK, Thailand, Oct. 14 /PRNewswire-FirstCall/ -- Indocan
Resources Inc (OTC:IDCN) today announces that following the
successful issuance of 26.4 Billion Baht (645 million USD) of oil
fund bonds of the Energy Fund Administration Institute (EFAI) it
has retained local law firm K-Law
(http://www.knightsbridgelaw.com/) to represent and register a One
Billion Baht ($25m USD) Bond issue. The Law Firm is currently in
talks with an underwriter and is preparing the appropriate
registration documents. Indocan president Jeffrey R Bruhjell said,
"We have allocated $5 million for our Texas/Oklahoma commitments
and $10 million for wells to be drilled in the gas fields of
Alberta along with $5 million for oil wells in western Canada. We
will earmark the remaining $5 million for exploration work in
Cambodia." More information is available at
http://www.indocan.com/. Company Info: +1-604-929-7224, Jeffrey R
Bruhjell, president CONTACT: Investor Relations, +662-343-1631
DATASOURCE: Indocan Resources Inc CONTACT: Investor Relations,
+1-662-343-1631, or Jeffrey R Bruhjell, president, +1-604-929-7224,
both of Indocan Resources Inc Web site: http://www.indocan.com/
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