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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)

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To: Wayne Olive who wrote (250)7/26/1997 5:13:00 PM
From: Alex Guidi   of 866
 
Drilling:

We hope to be in a position to have a better handle on drilling dates soon. A number of Indo-Pacific's projects now have firm drilling prospects following various seismic and geophysical programs. Our main frustration right now is securing rigs capable of drilling to the depths we require. There is literally an exploration boom in the Australasian region and rig availability is tight. Our team in New Zealand are working hard to find a solution. I too am very anxious for drilling to begin ASAP. In the meantime various exploration programs are continuing on all projects to define additional drilling prospects.

Regards
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