Indocan Resources Inc. (IDCN)

[Tailspin]

Update at the Indocan site:

Drilling Expected This Week at Abilene #3

July 10-Drilling is expected soon at Abilene Number 3. No. 2 is not completed yet as they are awaiting the electricity installation.

July 5-Even though it's Wednesday already, it's early in this holiday-shortened week. No new information is yet available. We will try to make contact to the various parties today and publish as soon as we know something. It may be tomorrow before we have an actual update.

June 30-We have spoken directly with the lawyer for the court appointed Receiver and he informed us officially of many things. All we are going to say about that right now is that #3 at Abilene is expected go ahead with court approval this coming week. Once we have official reports from field we will update you.

He mentioned that #2 is still awaiting electricity to begin production.