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Gold/Mining/Energy : Indonesia:Is now the time to "bottom fish"?

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To: George Mousis who wrote ()1/29/1998 5:21:00 PM
From: pjd22  Read Replies (1) of 13
 
Inlet COW Approved

Kota Besi COW approved
Inlet Resources Ltd INS
Shares issued 10,576,660 Jan 23 close $0.10
Tue 27 Jan 98 News Release
Mr William Daly reports
The company has received a signed letter from the Ministry of Mines and Energy informing the company that Indonesia's president Suharto has approved the company's Kota Besi seventh generation COW. The date for signing of the contract is expected to be in the third week of February 1998.
The company has a 90% interest in this 252 sq km area and has been conducting preliminary exploration under a temporary SIPP licence. The company will release the details of exploration carried out to date as well as the proposed 1998 program shortly.
c Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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