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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX) -- Ignore unavailable to you. Want to Upgrade?

To: stanley new who wrote (472)	10/23/1997 3:18:00 PM
From: lostmymoney	Read Replies (1) \| Respond to of 866

Good to hear from ya Stan. Probably from both - no drilling,no news. Shoot the last news was on someone elses hitting pay. Thought you had went south for the winter! Mike

To: stanley new who wrote (472)	10/27/1997 11:23:00 AM
From: Geoffrey	Read Replies (1) \| Respond to of 866

Two new technologies give 100% oil discovery success. I was reading the June 28th 1997 Dines investment newsletter. gold-eagle.com and www.dinesletter.com Here is the quote. "Franco Nevada corporation does the same thing in the oil business, where they average 4% royalty on one-and-a-half million acres annually. A hundred million dollars a year is being spent on that land. Franco owns land in an old area of Saskatchewan where most of the production has been from around 4,500 feet in depth, but last year a company called Berkeley, together with Shell, started using two new technologies that allowed them to get down to 9,300 feet and identify patch reefs at that depth. Their success ratio using this new geophysical prospecting tool on 13 new wells was 100%. These new wells came in at up to 2,000 barrels a day. It costs a million and a half dollars to drill these wells and they pay out in 60 to 90 days." Not only do there seem to be technologies to increase the Indo success rate of drilling but Franco Nevada might be a funding source as well. Please read the article.