Indocan Resources Inc. (IDCN)

[rheddle]

I'm not in Indocan right now, so take my post for what it is worth. I do intend on getting back into it again though, as Jeff says that he is apparenlty getting $25m investment from overseas that was posted by somebody the other day and may be on the website.

The Flying A lease should have some news by around 20th August (the website said that the well would take 60 days to drill after spudding). IDCN own shares in Flying A and the lease is rumoured to be good (possibly lots of gas) and is definitely in an area where hydrocarbons have been found.

A $400 hit is not bad from 2k. I took a 50% loss on my most recent trade in IDCN (i averaged 16 and sold at 8).

I am not going to advise whether to hold or sell, but to have 100% of your funds in Indocan alone might be considered risky and there are other plays going on.

Cheers, R