Indocan Resources Commits to Oil & Gas Play

MISSOULA, Mont., March 5 /PRNewswire-FirstCall/ -- The Board of Directors of Indocan Resources, Inc. (OTC: IDCN) announces that our Oil Patch efforts are moving forward nicely. We have committed to 50% of an Oil & Natural Gas project in Pennsylvania whereby our Indocan Resources Oil & Gas LP will invest with funds from our investors, the Limited Partners, up to $593,000 in a twenty well plan that yields 60% NRI to us. These wells will co-produce oil and gas. Surrounding area wells are producing with a zero water cut and we expect the same. Drilling should commence in April with cash flow to begin in July if all is on schedule.