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

To: Terry Lyon who wrote (722)	6/8/1998 1:32:00 PM
From: The Big Guy	Read Replies (1) \| Respond to of 866

Hi all, This is the first time for me to post here, although I have been an SI member for sometime now. Just did not realize that this board was here. I have been bullish in INDX since '93. It has moved up and down based on news and dry wells. They have just punched a new one as of Friday (unconfirmed, but reported by the investor relations officer) You can call him at (604)609-3361. I also asked him about the site and he confirmed that it is being revised and should be up by 6/24. At least he hopes. Also, news about the new drill should be in but he would not say for sure. Long term, he says the company has no debt, cash in the bank and about 10-12 new wells are slated for drilling. I would say this is a big positive for us and my expectations are that we will see the stock move in the positive near term. (My opinion only) Looking back on the past two years there has been a definite track record for up and down swings based on news. Also, he (Gary) said that the Asian market has effected the market but he hopes that that will change soon. TBG