DALLAS, March 10, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Indocan Resources Inc. (Pink Sheets:IDCN). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.investorsoup.com/lp/IDCN
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Indocan Resources Inc. (IDCN) is a Montana-based holding company primarily invested in the Natural Resources industries. The Company has both oil & gas interests, as well as metals exploration and mining interests. IDCN recently began an exploration program in NW Ontario on a known gold property and will publish geologist written information and test results each week or so as the program progresses.
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In the report, the analyst notes:
"IDCN's board of directors recently announced that its Oil Patch efforts are moving forward as anticipated. The Company has committed to 50% of an Oil & Natural Gas project in Pennsylvania whereby Indocan Resources Oil & Gas LP will invest with funds from investors, the Limited Partners, up to $593,000 in a 20 well plan that yields 60% NRI to the Company. These wells will co-produce oil and gas. Surrounding area wells are producing with a zero water cut and IDCN expects the same. Drilling should commence in April with cash flow to begin in July if all is on schedule.
"The recently announced Hockey Stick property in NW Ontario is moving forward with draft options and operating agreements on the table from lawyers with final agreements expected to be executed in the near future. IDCN geologists are preparing a sampling program and other plans to be submitted to the joint venture for examination and ultimately approval. At least two other properties with similar prospects to Hockey Stick are being considered by management and have a reasonable proximity to each other and have similar prospects as Hockey Stick."
To read the entire report visit: http://www.investorsoup.com/lp/IDCN
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