Indocan Resources Management Visits Texas
31 May 2006 - 10:12PM
PR Newswire (US)
DALLAS, May 31 /PRNewswire-FirstCall/ -- The president of Indocan
Resources Inc (OTC:IDCN) has been meeting all this week with Sunray
Oil Company in Dallas, Texas. Indocan Resources has recently
announced its investment in certain oil properties at Abilene, TX
though Sunray Oil. The #1 well at Abilene has been completed and is
producing around fifty BOPD. #2 well starts completion today with
an estimated production of slightly less than the first well. Wells
three and four have the greatest potential as they will be drilled
on the area considered to be the formation dome. Sunray Oil
Operations Manager, Larry Stiles said, "We recently acquired the
leases from the rancher that was holding out that gives us the
acreage over the main formation; we should make two excellent wells
on that site." The #1 well location is close to the border of this
new acreage and flowed 120 BOPD when first opened. Although
currently choked back, it will be slowly increased over the next
nine months. We have high hopes that wells #3 & #4 at Abilene
will be as good as or better than #1. Drilling at #3 will commence
within the month. Indocan has interests in Texas, Oklahoma, British
Columbia and Alberta in both crude oil and natural gas production.
More information can be learned by visiting our website:
http://www.indocan.com/ We seek "Safe Harbor" Company Info:
+1-604-929-7224 Jeffrey R Bruhjell, president CONTACT: Investor
Relations, Ken Ash +1-252-728-2925. DATASOURCE: Indocan Resources
Inc CONTACT: Jeffrey R Bruhjell, president of Indocan Resources
Inc, +1-604-929-7224, or investors, Ken Ash, +1-252-728-2925 Web
site: http://www.indocan.com/
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