Indo-Pacific Energy Ltd. (INDX) Message Board

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

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To: Tami who wrote (526)	12/2/1997 12:12:00 PM
From: Omar	Read Replies (1) of 866

I have been away for awhile, but I notice little has changed. A lot of positioning and announcements, but nothing in the way of drilling. The plans to drill in April/May of next year sound good, but how many times have we heard this in the past? Most of us can recall last year's plan to drill a well roughly every quarter, and so far only the Kereru-1 well has been drilled (I don't count the one they bought into earlier this year after drilling already started-you remember the one with the broken drill bit; should have used a Sears Craftsman, they have a lifetime warranty). We now know why someone bought a million plus shares a few weeks ago-waiting for the bounce from the latest announcement. I don't recall the date, but it seems to be highly suggestive of insider trading with that large of a purchase just prior to a (major?) announcement. Unless the deal was announced well before us little people got wind of it. Despite my cynical tone (which comes from being a INDX shareholder for nearly two years, and a DURUM shareholder for almost five years), I still remain long. I guess it's suckers like me who keep guys like Guidi in business. Omar

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