Indocan Resources Inc. (IDCN)

[1kgwxman]

STOCKCHARTER..Since you can neither confirm or deny activity on the Pennsylvania oil wells based on the previous asked question and pr...

"Question? Has any Drilling Taken place in PA? Thanks

Indocan Resources Commits to Oil & Gas Play

MISSOULA, Montana, March 5 -- The Board of Directors of Indocan Resources, Inc. (OTC: IDCN) announces that our Oil Patch efforts are moving forward nicely. We have committed to 50% of an Oil & Natural Gas project in Pennsylvania whereby our Indocan Resources Oil & Gas LP will invest with funds from our investors, the Limited Partners, up to $593,000 in a twenty well plan that yields 60% NRI to us. These wells will co-produce oil and gas. Surrounding area wells are producing with a zero water cut and we expect the same. Drilling should commence in April with cash flow to begin in July if all is on schedule."

Do you see why we are trading in the trip zeroes? Lack of updates and caution based on many past pr's that never bore fruit.
And based on your response, one can conclude that IDCN's so-called commitment to these oil wells is not finalized until the necessary funds are paid to the well owners.
No wonder there is no update. There is no deal yet, imo.
When I see some "proof" that deals have been finalized, then I will slap the ask. I think I can get them cheaper than the current price as we linger in limbo.