Indocan Resources Inc. (IDCN)

[cobra464]

This is old news from OCT 2005. BANKOK, THAILAND October 14, Indocan Resources Inc (OTC: IDCN) today announces that following the successful issuance of 26.4 Billion Baht (645 million USD) of oil fund bonds of the Energy Fund Administration Institute (EFAI) it has retained local law firm K-Law (www.knightsbridgelaw.com) to represent and register a One Billion Baht ($25m USD) Bond issue. The Law Firm is currently in talks with an underwriter and is preparing the appropriate registration documents.



Indocan president, Jeffrey R Bruhjell said “we have allocated $5 million for our Texas/Oklahoma commitments and $10 million for wells to be drill in the gas fields of Alberta along with $5 million for oil wells in western Canada. We will earmark the remaining $5 million for exploration work in Cambodia.”