Indocan Resources Completes Down Payment to Sunray Oil
May 25 2006 - 10:26AM
PR Newswire (US)
DALLAS, May 25 /PRNewswire-FirstCall/ -- The Board of Directors of
Indocan Resources Inc (OTC:IDCN) reports today that the Company has
made the final portion of the down payment due in accordance with
an agreement entered into with Sunray Oil of Dallas, Texas, to
acquire interests in two different properties. The Agreement calls
for another $100,000 to be paid by Friday, June 2nd, and we have
done so as of today. Company president, Jeffrey R Bruhjell, said,
"This gives us an absolute interest in the properties, we cannot
lose them now." The Oil and Gas Lease Sales Purchase Contract
involves the purchase of two properties. The Properties are located
in Taylor and Wichita Counties, Texas, and are commonly known as
the Abilene Project, and the Waggoner Estate Project. More can be
learned at the Company website: http://www.indocan.com/ We seek
"Safe Harbor" Company Info: +1-604-929-7224 Jeffrey R Bruhjell,
president CONTACT: Investor Relations, Ken Ash +1-252-728-2925.
DATASOURCE: Indocan Resources, Inc. CONTACT: Jeffrey R Bruhjell,
president of Indocan Resources, Inc., +1-604-929-7224; or Investor
Relations, Ken Ash, +1-252-728-2925, for Indocan Resources, Inc.
Web site: http://www.indocan.com/
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