Stock Alert for Indocan Resources Inc. Issued by InvestorSoup
March 09 2010 - 9:50PM
InvestorSoup.com announces an investment report featuring Indocan
Resources Inc. (Pink Sheets:IDCN). The report includes financial,
comparative and investment analyses, and pertinent industry
information you need to know to make an educated investment
decision.
The full report is available at:
http://www.investorsoup.com/lp/IDCN
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Indocan Resources Inc. (IDCN) is a Montana-based holding company
primarily invested in the Natural Resources industries. The Company
has both oil & gas interests, as well as metals exploration and
mining interests. IDCN recently began an exploration program in NW
Ontario on a known gold property and will publish geologist written
information and test results each week or so as the program
progresses.
Message Board Search for IDCN:
http://www.boardcentral.com/boards/IDCN
In the report, the analyst notes:
"IDCN's board of directors recently announced that its Oil Patch
efforts are moving forward as anticipated. The Company has
committed to 50% of an Oil & Natural Gas project in
Pennsylvania whereby Indocan Resources Oil & Gas LP will invest
with funds from investors, the Limited Partners, up to $593,000 in
a 20 well plan that yields 60% NRI to the Company. These wells will
co-produce oil and gas. Surrounding area wells are producing with a
zero water cut and IDCN expects the same. Drilling should commence
in April with cash flow to begin in July if all is on schedule.
"The recently announced Hockey Stick property in NW Ontario is
moving forward with draft options and operating agreements on the
table from lawyers with final agreements expected to be executed in
the near future. IDCN geologists are preparing a sampling program
and other plans to be submitted to the joint venture for
examination and ultimately approval. At least two other properties
with similar prospects to Hockey Stick are being considered by
management and have a reasonable proximity to each other and have
similar prospects as Hockey Stick."
To read the entire report visit:
http://www.investorsoup.com/lp/IDCN
See what investors say about IDCN at penny stock forum
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CONTACT: InvestorSoup.com
Jeffrey Brown, Editor
(469)-252-3505
info@investorsoup.com
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