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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Nick Brown who wrote (47)	7/22/1996 10:08:00 PM
From: Nick Brown	of 24928

Stanley, Indo-Pacific Energy Ltd. closed today up another $.15 at $7.45, I just got in the mail their newest press release. The release states that they were awarded yet another permit by the New Zealand Minister of Energy. It is Petroleum Exploration Permit(PEP 38328) a 785,000 acre permit in the East Coast Basin. Their seismic data shows a clearly defined structural trap with the potential to hold reserves of up to 1.45 trillion cubic feet of gas or 830 million barrels of oil. They well start the first drilling in November. Looks like this stock will just keep on going and going and... Nick Brown

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