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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)
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To: Geoffrey who wrote (497)11/16/1997 12:52:00 AM
From: Tami  Read Replies (2) of 866
 
The past postings are very informative. IMO what Indo is actually looking for is a drilling company that is willing to barter. Perhaps, a company that they are able to trade 'potential oil' for drilling. I would think that most of the drillers have enough business that they may not care for that type of deal. The other approach that Indo uses for drilling is aquiring another partner that buys their share by paying for the drilling. At one point earlier this year I was told, by the person that occupied the PR position for Indo, that the expense of drilling was the actually problem. Either way, the stock price sure isn't doing much these days. Just my thoughts on the matter. Have been holding Indo stock for the past couple of years. Actually, I feel that I have too many shares for the lack of movement in the stock price.
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