Indocan Resources Commits to Oil & Gas Play
March 05 2010 - 1:59PM
PR Newswire (US)
MISSOULA, Mont., March 5 /PRNewswire-FirstCall/ -- The Board of
Directors of Indocan Resources, Inc. announces that our Oil Patch
efforts are moving forward nicely. We have committed to 50% of an
Oil & Natural Gas project in Pennsylvania whereby our Indocan
Resources Oil & Gas LP will invest with funds from our
investors, the Limited Partners, up to $593,000 in a twenty well
plan that yields 60% NRI to us. These wells will co-produce oil and
gas. Surrounding area wells are producing with a zero water cut and
we expect the same. Drilling should commence in April with cash
flow to begin in July if all is on schedule. More information can
be learned by visiting our website: http://www.indocan.com/ We seek
"Safe Harbor" Company Info: +1-406-322-3844 Jeffrey R. Bruhjell,
president JRB@Indocan.com CONTACT: Investor Relations, Ken Ash
+1-910-300-8189 DATASOURCE: Indocan Resources, Inc. CONTACT:
Investor Relations, Ken Ash, +1-910-300-8189, or Jeffrey
R.Bruhjell, president, +1-406-322-3844, JRB@Indocan.com, both of
IndocanResources, Inc. Web Site: http://www.indocan.com/
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