Off the Radar.pk

[mick]

Review Indocan Resources Inc. (IDCN)11-12-2009

http://www.indocan.com

Main Office:
2809 Great Northern Loop, Suite 100
Missoula, Montana 59808-1749

Tel. [phone]

Jeffrey R. Bruhjell, president
[e-mail]

http://www.indocan.com/frontpage.html

The Company Info tab on the Pink Sheets website has been updated to reflect our materially reduced float of public shares.

Company Info

We are still dealing with Canadian gold properties. They are entering a long weekend for Thanksgiving on Oct. 12th. After that we should execute and announce a nice gold prospect.

http://www.indocan.com/hydrocarbon.html



excerpt from

LONDON, October 20, 2009 -- Hess Chairman and CEO John Hess was among the featured speakers at this week’s 2009 Oil & Money industry summit – an annual conference where the world’s most influential decision makers meet to examine issues that are shaping the international oil and gas industries.

This year’s conference, held at the InterContinental London Park Lane, was themed Strategies for Turbulent Times. It included discussions of the geopolitics of oil, oil forecasting, capacity, and the implications of a new carbon policy around the world.

Mr. Hess told the audience that “good environmental policy and good energy policy are not the same. We need both for sustainable development.

“We need new models of collaboration. We need to redefine the nature of our public-private partnerships when it comes to investment in developing oil resources.” Hess called on the United States to lead consuming nations in the conservation of energy and OPEC to lead producing nations in building oil production capacity.

His speech was well received, particularly the suggestion that people around the world need to take a sober, factual look at the environmental and energy policies that will shape the world in years to come.

Among those joining Mr. Hess were Christophe de Margerie, CEO of Total, who was named 2009 Petroleum Executive of the Year at this year’s conference; Tony Hayward, group chief executive, BP; H.E. Abdalla Salem El-Badri, secretary general, OPEC; Paolo Scaroni, CEO, Eni S.p.A.; James J. Mulva, chairman and CEO, ConocoPhillips; H.E. Dr. Rilwanu Lukman, minister, Petroleum Resources, Nigeria; and, Jakob Thomasen, CEO, Maersk Oil.

Participants included economists, oil ministers, bankers, authors, researchers and representatives from each of the leading energy companies around the world.

Mr. Hess spoke on the afternoon of the second day. The full text of his speech follows:

'OIL AND THE FUTURE'

Oil & Money Conference
October 20, 2009
London

In my country, the United States, there is a major political initiative to address climate change – and rightfully so. We need to put a price on carbon to have a transparent allocation of resources to reduce our carbon footprint. Many politicians believe that the proposed legislation to address this problem is an energy policy. It is not. The problem is that good environmental policy and good energy policy are not the same. People confuse the two. We need both for sustainable development.

The approaches of both consumers and producers are based on hope, but what we need is a sober reality. The reality is that an oil crisis is coming that could prove devastating to future economic growth. Given the long lead times of 5-to-10 years from oil discovery to production, we need to act now to avert this outcome. I would like to suggest a framework of three "C's" to address this threat: communication, courage and collaboration.

LONDON, October 20, 2009 -- Hess Chairman and CEO John Hess was among the featured speakers at this week’s 2009 Oil & Money industry summit – an annual conference where the world’s most influential decision makers meet to examine issues that are shaping the international oil and gas industries.

This year’s conference, held at the InterContinental London Park Lane, was themed Strategies for Turbulent Times. It included discussions of the geopolitics of oil, oil forecasting, capacity, and the implications of a new carbon policy around the world.

Mr. Hess told the audience that “good environmental policy and good energy policy are not the same. We need both for sustainable development.

“We need new models of collaboration. We need to redefine the nature of our public-private partnerships when it comes to investment in developing oil resources.” Hess called on the United States to lead consuming nations in the conservation of energy and OPEC to lead producing nations in building oil production capacity.

His speech was well received, particularly the suggestion that people around the world need to take a sober, factual look at the environmental and energy policies that will shape the world in years to come.

Among those joining Mr. Hess were Christophe de Margerie, CEO of Total, who was named 2009 Petroleum Executive of the Year at this year’s conference; Tony Hayward, group chief executive, BP; H.E. Abdalla Salem El-Badri, secretary general, OPEC; Paolo Scaroni, CEO, Eni S.p.A.; James J. Mulva, chairman and CEO, ConocoPhillips; H.E. Dr. Rilwanu Lukman, minister, Petroleum Resources, Nigeria; and, Jakob Thomasen, CEO, Maersk Oil.

Participants included economists, oil ministers, bankers, authors, researchers and representatives from each of the leading energy companies around the world.

Mr. Hess spoke on the afternoon of the second day. The full text of his speech follows:

'OIL AND THE FUTURE'
Oil & Money Conference
October 20, 2009
London

Introduction
By way of introduction, I am fortunate to be the Chairman and CEO of Hess Corporation, founded 76 years ago by my father, who started out driving a truck making deliveries of home heating oil to customers in the New York metropolitan area. The company has since grown into a global vertically-integrated business that is led by Exploration & Production, with reserves evenly distributed between the United States, Europe, Africa and Asia. We face exciting challenges as we explore for resources in offshore deepwater provinces and onshore in unconventional shale formations. Our strategy is to build a company that sustains long term profitable growth while making a positive impact on the communities where we do business. In doing so, we compete and partner with international oil companies and national oil companies around the world.

My remarks today will cover "Oil and the Future." Today, our industry is at a crossroads. Oil has moved to a demand-led market where supply is struggling to keep pace. The financial crisis of the past year has reduced demand by 2 million barrels per day, creating excess inventories and lower prices. While this setback has brought us some welcome breathing room, I believe that it is only temporary. Once economic growth recovers, it is likely we will return to the market conditions of one year ago. The price of $140 per barrel oil was not an aberration; it was a warning.

Over the past several years, many people in our business have expressed confidence that we were up to meeting the challenges ahead. From the producer perspective, it has been suggested that the remaining global endowment of up to 3 trillion barrels of recoverable oil meant that we should not be concerned with a prospect of shortages. Higher prices, advancing technology and sound government policies would enable supply to keep up with demand. Consuming nations viewed these issues quite differently, criticizing producers for rising prices, blaming oil for climate change and implementing policies to develop alternatives to hydrocarbons. I would suggest there is a major disconnect between consumers and producers.

In my country, the United States, there is a major political initiative to address climate change – and rightfully so. We need to put a price on carbon to have a transparent allocation of resources to reduce our carbon footprint. Many politicians believe that the proposed legislation to address this problem is an energy policy. It is not. The problem is that good environmental policy and good energy policy are not the same. People confuse the two. We need both for sustainable development.

The approaches of both consumers and producers are based on hope, but what we need is a sober reality. The reality is that an oil crisis is coming that could prove devastating to future economic growth. Given the long lead times of 5-to-10 years from oil discovery to production, we need to act now to avert this outcome. I would like to suggest a framework of three "C's" to address this threat: communication, courage and collaboration.

Let me take a moment to elaborate on each of these points.

Communication
The first C, communication, means we must communicate the facts about supply and demand in the oil industry and build a common understanding among the citizens of the world. Only when we have that understanding among both consumers and producers can we arrive at a comprehensive approach to attaining an affordable and secure energy supply to sustain economic growth.

When my good friend Nick Brady was Secretary of the Treasury in the United States, he sometimes referred to the need for "Truth Serum." Faced with an impending debt crisis during his tenure at Treasury when many countries were on the verge of bankruptcy, Nick instructed his team to assemble a common set of facts as their first order of business. Nick, who is a Director of our corporation, was an outstanding world leader whose decisions saved many countries from financial collapse. He knew that good facts lead to good policy; bad facts lead to bad policy. In the interest of creating good energy policy, let us offer Truth Serum and establish the facts.

Fact No. 1: Hydrocarbons. Eighty-five percent of the world’s energy comes from hydrocarbons: 35 percent oil, 30 percent coal and 20 percent natural gas. While renewable energy will be needed and should be encouraged to meet future energy demand and contribute to reducing our carbon footprint, hydrocarbons will fuel the world’s economy for decades to come – and oil will continue to be at the forefront. Renewable energy does not have the scale, timeframe or economics to materially change this outcome.

Fact No. 2: Oil demand. Once the economy recovers, it is projected to increase by 1 million barrels per day each year. A key driver is world population, estimated to grow from 6.8 billion today to 9 billion by 2050, largely in the developing countries of the world. With a corresponding increase in living standards, hydrocarbon energy, led by oil, will be needed to support economic development. The other driver of demand growth is transportation, which accounts for fifty percent of oil consumption. The gasoline automotive engine is very inefficient; according to the United States Department of Energy, only 15 percent of the fuel is converted to useful energy. The introduction of higher mileage standards in the U.S. and the gradual phasing in of electrical power into automotive drive trains will only moderate growth in automotive fuel demand. That is because nearly one billion vehicles on the road today could grow to approximately two billion vehicles in the next 30 years. An interesting statistic to keep in mind: The U.S. has 1000 cars for every 1000 people; China has 10 cars per 1000. As China closes that gap, growth in oil demand will be relentless.

Fact. No. 3: Oil supply. We are not running out of oil. We have produced 1 trillion barrels so far and estimates are that we have about 3 trillion barrels remaining to recover – 2 trillion barrels of conventional resources and 1 trillion barrels unconventional, such as tar sands and heavy oil. The issue is not our endowment of oil resources. It is the world’s production capacity. Resource additions from exploration last replaced annual production in 1987. Part of the challenge going forward is that the easiest oil to access has been discovered. Costs are increasing for new barrels as producers explore frontiers such as the deepwater Gulf of Mexico and Brazil, where wells can be drilled in water depths of over one mile to targets up to six miles deep, and discoveries can take over a decade to develop.

Oil field declines are estimated at more than 5 percent per year. That means we have to add at least 4 million barrels per day each year just to keep production flat. When you add this number to the 1 million barrels per day required to meet demand growth, we need an extra 5 million barrels per day each year going forward. Yet non-OPEC production is in the process of, if not peaking, reaching a plateau. Also, 73 percent of the countries that produce oil have already peaked. In fact, the U.K. Energy Research Centre just published a report that there is a significant risk that worldwide production of conventional oil could peak before 2020 and enter terminal decline.

OPEC has about 45 percent of the world’s oil production but 76 percent of the remaining reserves. Since we need more production capacity to meet the world’s increased need for oil, OPEC will be called upon to play an even greater role in the future. Saudi Arabia and some OPEC countries are to be commended for their recent significant investments to increase their production capacity. We will need it – and more.

Given these facts, we need to communicate the following message:

(1) Hydrocarbons are here to stay.

(2) Oil demand growth will be unrelenting, increasing 1 million barrels per day each year.

(3) We are not running out of oil but growth of production capacity over the next several years will fall short of the incremental 5 million barrels per day each year that we will need to meet demand.

(4) We will ultimately be at risk of supply rationing demand through skyrocketing prices that will threaten economic stability and prosperity. If we do not act now, we will have a devastating oil crisis in the next 5-to-10 years.

As the global system gets increasingly stressed over competition for resources, there is more and more protectionism among consuming nations and resource nationalism among producing countries. The narrow interest of national protectionism is threatening our global future. The U.S. will say: “We need to wean ourselves off of foreign oil.” Producing countries will say: “With all the confusing signals we are getting, we no longer have the long-term demand to build production capacity.” Energy policy among nations of the world is anything but aligned. Nations are building walls to disengage from one another when they should be building bridges to collaborate. We need to put global needs first.

Going forward, we need new models of collaboration. First, we need to redefine the nature of our public-private partnerships when it comes to investment in developing oil resources. Over many decades, international oil companies and producing countries have worked together in a way that has been purely financial – through contracts that are either tax and royalty or production sharing. In the future, we need to build stronger bonds of trust. The investment model needs to be focused not only on oil resources but building the capabilities of host country’s human resources. Many oil producing countries have critical needs in education and health. Many international oil companies have access to organizations that are well qualified to assist in these areas. If we redefine the value proposition for not just leaving a financial legacy but a social legacy, we will all be better off. It is the old adage: “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.” We must redefine what it means to get a return on investment. It is not just profitability, but the development of the human capital of the country where you are doing business.

Second, we also need one global forum dedicated to governments working together to set energy policy. Without a common framework on energy, sustainable economic development will be impossible. While there are numerous collaborative initiatives – IEA for consumers, OPEC for producers, as well as others – we do not have one comprehensive forum that meets on a consistent basis to develop global energy policy. I would suggest this challenge for the G-20, which was formed a decade ago in response to global financial crises. Its membership includes 19 nations and the European Union. These nations represent six of the seven biggest oil producers and the 14 largest oil consumers. Its mission is sustainable economic growth. Energy not only fits this objective, it is essential for its success. It is laudable that energy subsidies were included on their last agenda, but that is not enough. Energy should be on their agenda at every meeting.

In an environment that my friend Fareed Zakaria refers to as “the post-American world,” no one nation is in a position to dictate; we need to collaborate. The U.S. has to take the lead so that other countries – both consumers and producers -- will do their fair share.

Conclusion
In conclusion, I come back to the title of my remarks today, “Oil and the Future.” What kind of world do we want to leave to our children? If we do nothing, there will be severe consequences. In a world of mutually reinforcing fears, the competition for scarce oil resources will inevitably lead to supply-driven price shocks. Last year’s skyrocketing prices would become a way of life in a crisis-led world that threatens economic sustainability.

However, if we follow the three “C’s”, what might the future hold? In a world where we all make concessions and put global interests first, we will all win. If consuming nations led by the United States commit to conserving energy through new automotive and building efficiency standards, we could save over 5 million barrels per day of incremental demand over the next 10 years. If producing nations led by OPEC commit to building more oil production capacity, we would add over 5 million barrels per day of incremental supply over the next 10 years. In this world, prices would be stable and our global economy could prosper. Does this scenario sound impossible? I do not think so.

The stakes have never been higher. We must build a balanced and comprehensive approach to energy security and protection of the environment to ensure sustainable development. We must unite and work together as an industry, communicating one message, having the courage to act and collaborating for the global good. In this world, there will be a bright future, not only for oil, but for many generations to come.

Investor Relations: Please call or write for our latest updates:
http://www.indocan.com/investors.html
Quote: IDCN
Company Offices - [phone] - [e-mail]

Investor Relations Officer - Ken Ash - +1.910.300.8189

Email Ken - 1.910.300.8189

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http://www.pinksheets.com/pink/quote/quote.jsp?symbol=idcn

The Company Info tab on the Pink Sheets website has been updated to reflect our materially reduced float of public shares.

Business Description
Indocan Resources is a junior mining company with interests in Canada and the USA.

the above use to read oil and natural gas?

Company Officers
Jeffrey R Bruhjell, President, CFO
Angela Harrison, Secretary
Ken Ash, IR

Number of Employees
2 as of Jul 23, 2008
SEC Reporting Status
non-SEC Reporting Company
CIK
0001364434
Fiscal Year End
12/31
Estimated Market Cap
$1,284,181 as of Oct 12, 2009
Outstanding Shares
4,280,604,662 as of Oct 8, 2009
Authorized Shares
4,980,000,000 as of Oct 8, 2009
Float(shares)
2,284,357,269 as of Oct 8, 2009
Number of Shareholders of Record
1,243 as of Oct 8, 2009

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=idcn
Business Description
Indocan Resources is a junior mining company with interests in Canada and the USA.

Company Notes
Note=4-08 State of Incorporation Nevada changed to Montana
Formerly=H-L Corp. until 3-
Transfer Agent
Continental Stock Transfer & Trust Company
17 Battery Place, 8th Floor
New York, NY 10004

Legal Counsel
Bjornson Law Offices
2809 Great Northern Loop
Suite 100
Missoula, MT 59808

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http://quote.barchart.com/quote.asp?sym=%20idcn&code=BSTK
IDCN - INDOCAN RESOURCES IN (OTC)
[ Daily Quotes ] [ Weekly Quotes ] [ Monthly Quotes ]

Date Open High Low Last Change Volume % Change
11/12/09 0.0004 0.0005 0.0004 0.0004 unch 3035000 unch %
11/11/09 0.0003 0.0004 0.0003 0.0004 +0.0001 3805000 +33.33 %
11/10/09 0.0004 0.0005 0.0003 0.0003 -0.0002 11725000 -40.00 %
11/09/09 0.0004 0.0005 0.0004 0.0005 unch 220000 unch %
11/06/09 0.0004 0.0005 0.0003 0.0005 +0.0001 12449999 +25.00 %

-- Period -- -- High -- -- Low -- -- Percent Change --
5-Days 0.0005 on 11/12/09 0.0003 on 11/06/09 -20.00% since 11/06/09
20-Days 0.0005 on 11/12/09 0.0001 on 10/30/09 +33.33% since 10/16/09
65-Days 0.0005 on 11/12/09 0.0001 on 08/17/09 +100.00% since 08/14/09
100-Days 0.0005 on 11/12/09 0.0001 on 07/27/09 +300.00% since 07/27/09
260-Days 0.0005 on 11/12/09 0.0001 on 11/25/08 +300.00% since 11/25/08
Year to Date 0.0005 on 11/12/09 0.0001 on 01/21/09 +300.00% since 01/21/09


For The Last Made New High Percent From Made New Low Percent From
5-Days 1 time(s) -20.00 % 1 time(s) +33.33%
20-Days 3 time(s) -20.00 % 2 time(s) +300.00%
65-Days 4 time(s) -20.00 % 2 time(s) +300.00%
100-Days 4 time(s) -20.00 % 1 time(s) +300.00%
260-Days 5 time(s) -20.00 % 1 time(s) +300.00%
Year to Date 5 time(s) -20.00 % 1 time(s) +300.00%

techs; http://quote.barchart.com/techrept.asp?sym=IDCN
opinion; http://quote.barchart.com/texpert.asp?sym=IDCN
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold

Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 8235535

Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 8706860

Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 7750212

Overall Average: 80% - Buy

snapshot; http://quote.barchart.com/texsnap.asp?sym=IDCN
Today's Opinion:
80% Buy
Yesterday's Opinion:
88% Buy
Last Week's Opinion:
96% Buy
Last Month's Opinion:
16% Buy
Ratings:
Strength:
Direction:
0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100

advance techs; http://quote.barchart.com/texadv.asp?sym=IDCN
performance; http://quote.barchart.com/performance.asp?sym=IDCN
projection; http://charts3.barchart.com/procal.asp?sym=IDCN

[-chart]charts3.barchart.com/custom/tc/IDCN.GIF[-/chart]
chart; http://charts3.barchart.com/chart.asp?sym=IDCN&data=A&jav=adv&vol=Y&divd=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=

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5MA---10MA---20MA PPO---ADX---TRIX---VOLUME


5MA---10MA---20MA PPO---ADX---TRIX---VOLUME
[-chart]stockcharts.com/c-sc/sc?s=idcn&p=D&yr=0&mn=3&dy=0&i=p78292400264&r=8528[-/chart]

20 50 200MA,,,VOLUME - PPO - CMF - SLO STO % PRICES.


20 50 200MA,,,VOLUME - PPO - CMF - SLO STO % PRICES.
[-chart]stockcharts.com/c-sc/sc?s=idcn&p=D&yr=0&mn=5&dy=0&i=p45212469049&r=6823[-/chart]

1-a --- five day chart; volume, 50ma --- 100ma --- trix --- rsi --- macd 07/14/2009 large candles!
template;


1-a --- five day chart; volume, 50ma --- 100ma --- trix --- rsi --- macd 07/14/2009 large candles!
template;
[-chart]stockcharts.com/c-sc/sc?s=idcn&p=60&yr=0&mn=0&dy=5&i=p60666344679&r=7219[-/chart]

HISTORICAL: 3yr. 50-200ma...RSI - MACD - CMF - PRICES - VOLUME - BLACK BACKGROUND.


HISTORICAL: 3yr. 50-200ma...RSI - MACD - CMF - PRICES - VOLUME - BLACK BACKGROUND.
[-chart]stockcharts.com/c-sc/sc?s=idcn&p=W&yr=3&mn=0&dy=0&i=p22053646375&r=[-/chart]

ENJOY TO ALL...DA MICK!