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IDCN is closing in on 200 million in volume.
IDCN printing .0043 new HOD
IDCN...a .005 break would be sweet
IDCN news - Signs One Million Dollar Deal With Sunray Oil
IDCN $1 MIL DEAL: Indocan Resources Signs One Million Dollar Deal With Sunray Oil
May 18, 2006 12:30:00 PM
BEAUFORT, N.C., May 18 /PRNewswire-FirstCall/ -- The Board of Directors of Indocan Resources Inc (OTC: IDCN) announces today that the Company has entered into an Oil and Gas Lease Sales Purchase Contract with Sunray Oil of Dallas, Texas, to acquire interests in two different properties. The Properties are located in Taylor and Wichita Counties, Texas, and are commonly known as the Abilene Project and the Waggoner Estate Project, described as follows:
Abilene Project
3200 +/- Acres, Taylor County, Texas, 15% Working Interest (11.25 % Net Revenue Interest) Purchase Price $250,000 USD. Sunray will drill and complete two (2) wells to the depth of 2,800' for the "Turnkey Price" of $250,000 USD. Indocan will additionally have the "First Right of Refusal" for further participation in additional wells at the rate of cost plus 20%.
Waggoner Estate Project
880 Acres, Wichita County, Texas, 15% Working Interest (11.25 % Net Revenue Interest) Purchase Price $750,000 USD. Sunray will drill and complete a minimum of five (5) wells and as many additional wells as needed to obtain a minimum production volume of 500 BOPD and re-work and/or re-complete all eighty-four (84) existing wells to maximize production for the "Turnkey Price" of $750,000 USD.
The total purchase price of $1,000,000 for the 15% Working Interest, (11.25 % (NRI) Net Revenue Interest) is payable as follows: Sunray acknowledges that Indocan will raise the money (on a best efforts basis) to fund this Oil and Gas Lease Sales Purchase Contract and Sunray will accept payments of various amounts. The payments will be applied toward the purchase of the Abilene Project 1st, Waggoner Estate Project 2nd. Indocan will pay $150,000 on or before May 26, 2006, and a make a payment of $100,000 on or before June 2, 2006. Indocan agrees to have the balance $750,000 paid to Seller by July 31, 2006.
The 15% WI of the Oil and Gas Projects for $1,000,000: (a). It is agreed that the percentages of the Property will be conveyed by recordable Assignment and Transfer Deed. (b). Sunray warrants to Indocan that there will be no existing debts, liens, or other encumbrances against said Property. Sunray additionally warrants that all federal taxes, payroll withholding taxes, federal income taxes, state franchise taxes, and all city and county taxes are current. (c). Indocan will pay for: recordation of deed and prorated share of prepaid insurance, taxes, and interest, if any. (d). Each party will be responsible for his attorney's fees and costs.
Assignment will be made for each Property after Indocan has purchased that Property. If Indocan fails to perform by the terms and conditions set forth in this contract within the time limits set forth herein, Indocan shall own only the percentage in each Property that has been purchased. Sunray will operate the Property and will issue a standard operating agreement (A.A.P.L. Form 610- 1982).
More can be learned at the Company website: 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.
SOURCE Indocan Resources, Inc.
----------------------------------------------
Jeffrey R Bruhjell
president of Indocan Resources
Inc.
+1-604-929-7224; or Investor Relations
Ken Ash +1-252-728-2925
for Indocan Resources
Inc.
IDCN wants to break .004. .0038x.0039 now
looking good today..looks like this is the start of the next leg up. It'd be nice to break .004 today
Just wanted to post a quick comparison of TCLL vs. NMKT. NMKT seems like a good company but this just goes to show how truly undervalued TCLL is.
current price
TCLL .24
NMKT .45
Outstanding Shares
TCLL 101,045,877
NMKT 146,503,231
Q1 Finacials
--------------------
Assets
TCLL $146,092,025
NMKT $56,789,600
Revenue
TCLL $383,537,073
NMKT $17,330,160
Net Income
TCLL $5,007,009
NMKT $434,298
Your a good man. I was a moron and added some at .32 and .359 the other day. Not a big deal since it'll be much higher one day soon. I'm just ticked since I could of added more shares had I waited.
me too!!!
IDCN .0034x.0035 is looking good. Just released a PR a little while ago. Hopefully this will be the first of many. I'm in at .0033
Indocan Resources Meets With Stock Charter Group
May 18, 2006 11:30:00 AM
BEAUFORT, N.C., May 18 /PRNewswire-FirstCall/ -- The Board of Directors of Indocan Resources Inc (OTC: IDCN) are pleased to announce that the board members and senior executives of the company have been meeting all week with Stock Charter Group in North Carolina. Stock Charter Group and its members have a significant investment interest in Indocan Resources Inc. The Company will soon be announcing investment decisions and funding accomplishments as a result of these definitive meetings.
Stock Charter Group is an advisory firm and introduces funding sources as well as market shaping activities and investor relations. Managing Director Ken Ash said, "IDCN has had a remarkable run of late with record volumes and price rise." Technical Trader Dan Barton said, "IDCN has channeled down on lower volume, a very powerful bullish indicator." "IDCN should turn higher soon based on daily MACD and Slow Stochastic studies and make for new highs," continued Ken Ash.
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: 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.
SOURCE Indocan Resources Inc
----------------------------------------------
Jeffrey R Bruhjell
President
+1-604-929-7224
or investors
Ken Ash
+1-252-728-2925
both of Indocan Resources Inc
IDCN .0034 x .0035 looking good
I'd think it (RMDG) would break .003 judging by the volume and price movement.
I bet IDCN goes on a PR blitz soon. Sounds good.
RMDG...big dip. .0018x.0019
rebelgirl, thanks for the updates.
WNSH looking good now .0016x.0017
hmmm...doesn't look like the gap will get filled at this rate. Buyers stepping in at .24
TCLL...agreed. MM's trying to cover on the gap down and low volume shake.
in HKBV eom
That's what I'm seeing as well. It's pretty obvious after they gapped it down and price drop on very little volume.
I've got my finger on the buy button and hoping they fill this gap. Funny to see it down 15% on only 97K shares traded.
BPTR .25 x .26 could bounce soon
It was recently in the .40's and had a big drop after releasing the 1st quarter financials. The company expects to have a better Q2 and rest of the year. They issued PR's about new contracts the last 2 days.
mm's look to be trying to gap it down today. Currently at .25x.26
That's a sweet PR. Thanks for posting angel!
TCLL, I'd like to see them try it. I'm working on setting some cash aside if they do and grab all the shares I can.
I checked out STGI and they've only moved 25K shares all year. I really think some naked shorting was done yesterday by the mm's. I'll be keeping an eye on the reg sho list.
tomorrow...that bad boy is exploding now! XMMC
BAWC getting some EOD action .16 x .17
in EGSR @ .168. Looks like it wants to move higher from the big selloff this morning
in for more BAWC, .20+ is just around the corner
F those BAWC bidwhakkers!
BAWC .18 x .19
BAWC back to .20!
BAWC now .19 x .20...it's insane!
BAWC is now .16 x .17, up .11 on the day
BAWC .155 x .16
BAWC shares have been hard for me to get
considering the way most of the stocks on my watch lists are performing...we are doing pretty damn good. The market is very bloody. Unchanged after the huge run yesterday is fine by me.
mm's sure are keeping a big spread .024x.03
HRRP...wow. I guess now I'm glad I took a $1500 loss when it was back at .10