Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SnakeInATuxedo who wrote (753)	7/21/1998 9:35:00 PM
From: Atlas	Read Replies (2) \| Respond to of 866

If Indopacific owns part of TEPUF, it would benefit on any news from TEPUF would it not? I am not sure about your pea theory. I found that most overseas companies have set up subsidiary companies within their corporation. The subsidiary is generally run by a native from that particular area. This is done to reduce the political nightmare for foreign companies as far as permits go, ect. Speeds the process up. Also, some of INDO permits required them to give up some of their acreage as part of the permit agreement. For the most part the dilutive effect in working interests has been confined to small permit areas. TEPUF has the largest one in New Zealand, PEP38256, which I think will satisfy the permit requirements. Besides, INDO owns part of TEPUF. I find that in this environment investors do not like to wait for things to happen, so they bail out on any strength to cut their losses. The weakness in drilling I question? The bad wells so far have occured on farm in agreements of small working interests for INDX. There is a lack of good drilling rigs in the overseas areas. So if your not proactive, you loose! We will soon see if Indo can capitalize on rigs becoming available in this weak oil market. Atlas