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Still have some powder dry in case they try to take it down.
ruellit....how many buses in the USA did ya say??
arizona.....300 million OS.....at $1.00, that's a market cap of 300 million dollars. Not exactly a small company.
A few days ago on the move to 30, we fell back and closed unchanged. Should make another run at it this afternoon. Key will be whether we close there.
Lunch time pause. Only two MMs until 30.
ubi...very much so....this move today no where gets us close to overbought.
ubi...we already did once today.
28(1) x 29(2).
28(1) x 29(1).
Etrade filled me for 2 blocks at 500 shares each before screwing me.
26 x 29.
make that 27 x 28.
26(2) x 27(1).
make that 26 x 27...can't type fast enough.
make that 25 x 26.
24 by 25 one by one.
24(1) x 25(2).
CLYP to .005....missed at 22.
Trying for 22....looks slim.
19(1) x 21(3).
19(2) x 20(1).
19(1) x 20(5).
18(CLYP) x 19(2).
Question for a guru. Here is a PR from June 20. They expected TD in five days. Question is how do we know that this has not been completed??
ABILENE, Texas, June 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Indocan Resources Inc (OTC: IDCN) reports our oil partner and driller Sunray Oil Company has Spudded Abilene #3 well. Target depth on this hole is 2850 feet and they expect to TD the well in five days or so. The leases contain several anticlines (buried hills) that are similar to known producing structures in the area. Some channel sands were also indicated on the southern portion of the leasehold area. These were discovered as a result of the 3D seismic. The leases are located in the vicinity of one of the most prolific fields in the county known as the Reddin Field (cumulatives in excess of 10,000,000 barrels of oil since discovery in the early 1900s). Our geologists believe that the dome of the formation is located under what will be wells #3 & #4.
In this area, production has occurred from more than 10 zones down to a depth of 2600 feet. Wells on the McCoy leases had initial potential of over 100 barrels of oil per day (BOPD) on the average with some wells having initial production rates exceeding 1000 BOPD. Most of these wells flowed for over 5 years and 20 years later were still producing in excess of 25 BOPD.
Sunray's Abilene #1 initial flow rate was 125 BOPD and is currently producing 30 to 32 BOPD this will be opened-up a bit after about nine months. The swabbing unit is finishing our #2 Abilene well this week. We'll receive flow reports after that.
More information is available at 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
8(10) x 10(3).
tefman....like how about August 31?
darealben....still news on the 27th.....?? THX
tefman....any chance of a small white knight here getting Sunray and being user friendly to IDCN??
Clsoing L2: 10(1) x 11(1).....last 10.
9(1) x 10(2).
8(14) x 9(1)
one left at 9......
Only 2 MMs left at .001...might be tough to hold.
11(1) x 12(1) with volume.
After laying low for the morning WMIN is back on the bid.
L2 11(2) x 12(1).
One trade of 49,000 at 11 and L2 goes to 12(1) x 13(4).....go figure.
Looks like 11 x 12 to start.
My guess is that since he picked a date (July 27), the company may be getting a report by that date (or a few days earlier) concerning wells two and three. Since I am a technical player (and things look good for today), if that is the case, I look for volume to improve substantially which would be followed by price improvement.
I'm all for posting what you hear. It's up to the reader to establish validity.
And I understand that we all get impatient considering it seems all around us has been moving (PAIM, PAIV, FHAL etc)....however, our time will come.
Two examples come to mind here. UPDA went from .20 to over a $1.00 and PGPM went from a nickle to .17 on production PRs. They both diluted early and the effect has been seen. I seriously doubt IDCN has diluted (reason: REG 504) and IMO should have a larger percentage gain than those two when the news hits. Of course on these two, the PRs were a little inflated and they have returned to normalcy (and below).
Just a few more days to see if we get news and the trend has started back up......