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

To: Dan B. Brockman who wrote (648)	3/4/1998 3:06:00 PM
From: Dan B. Brockman	Read Replies (1) \| Respond to of 866

Some news on INDX via Durum report... Received DUE's last quarterly report which restates that DUE holds a 4% interest in PEP 38176 in which "the Huinga-1 well is scheduled to be drilled on the Crown Prospect in Spetember 1998 to test to 13,000 feet a thrust structure...". INDX holds 24.8% interest in this permit. Also,"The Oru Prospect may be drilled later in the year to test a shallower Mt. Messenger sandstone target". I presume INDX will be involved in these wells. No news on Timor Sea from DUE. In Papua, PPL 192, restates that DUE holds a 20% interest and that "The operator, INDX, completed a feasibility study on acquiring 60 miles of new seismic data over the Mamboi and Kamu Prospects, and plans to conduct the survey in late 1998...".