TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Taki who wrote (148760)	8/29/2006 8:27:42 AM
From: Taki	Read Replies (1) of 150070

IDCN.0006.Good news out.Low price and way oversold Imo. (COMTEX) B: Indocan Resources Negotiating Oil & Gas Properties ( PR Newswi e ) B: Indocan Resources Negotiating Oil & Gas Properties ( PR Newswire ) SAN ANTONIO, Texas, Aug 29, 2006 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors of Indocan Resources Inc. (OTC: IDCN) reports today that the Company is in advanced negotiations to acquire a substantial interest in oil and gas properties with two different companies. The Oil and Gas Lease Sales Purchase Contract with an Ohio-based operation involves the purchase of up to fifty percent interest in multi-well sites that plan to rework and re-open existing wells. The other company is Texas based with multiple properties. We have identified one large prospect that has 320 lease acres and plans a 7,000 foot initiative in a field estimated to hold eight million barrels of oil and over 7 billion cubic feet of natural gas. Once the agreements are executed a formal announcements will be made to the shareholders with additional details of drilling schedules and estimated reserves from geology reports. More can be learned at the Company website: www.indocan.com. We seek "Safe Harbor" Company Info: 604-929-7224, Jeffrey R Bruhjell, president CONTACT: Investor Relations, Ken Ash, 252-728-2925. SOURCE Indocan Resources Inc. Jeffrey R Bruhjell, president of Indocan Resources, +1-604-929-7224, or Investor Relations, Ken Ash, +1-252-728-2925, for Indocan Resources prnewswire.com Copyright (C) 2006 PR Newswire. All rights reserved. * end of story *

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