1:59p ET March 5, 2010 (PR NewsWire)
The
Board of Directors of Indocan Resources, Inc. (OTC: IDCN) 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: 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
SOURCE Indocan Resources, Inc.
