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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
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To: Rick McDougall who wrote (242)4/18/1997 9:41:00 PM
From: Ron Everest   of 835
 
Agree with you Rick, IMO IPJ will be shifting their focus out of Indonesia until the INDO's get their act together. Don't be surprised to see them start to diversity into more countries. It is also my view that they are holding back on any INDO results especially for the Sebuluh Fault until the 7th gen cows are signed.

I noted on a SHF release that April 30th is the day for the issuance of the 68 sixth gen cows........lets hope so. The Indos have not been doing much to give the markets confidence and must be suffering from many embarrasing red faces.

CoWs to be granted in official ceremony in Indonesia

South Pacific Resources Corp SHF
Shares issued 18,655,903 Apr 16 close $1.53
Thu 17 Apr 97 News Release
Mr Robert Chase reports
South Pacific Resources Corp has been informed by its Jakarta office that
the Indonesian Department of Mines will be granting 68 sixth generation
contracts of work in an official ceremony scheduled for April 30 1997.
South Pacific holds seven of these CoW applications.
The mines department has chosen South Pacific as the company that will
deliver the only speech from foreign companies.
South Pacific has an active exploration program under way on all seven of
its CoW interests in Kalimantan, Indonesia. Drill programs are currently in
progress on two CoW areas. Gold and copper-gold mineralization are the
primary targets of both programs.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

Best Regards,
Ron E
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