Indocan Resources Meets With Stock Charter Group

BEAUFORT, N.C., May 18  /PRNewswire-FirstCall/ -- The Board of Directors of Indocan Resources Inc (OTC:IDCN) are pleased to announce that the board members and senior executives of the company have been meeting all week with Stock Charter Group in North Carolina. Stock Charter Group and its members have a significant investment interest in Indocan Resources Inc. The Company will soon be announcing investment decisions and funding accomplishments as a result of these definitive meetings.

Stock Charter Group is an advisory firm and introduces funding sources as well as market shaping activities and investor relations. Managing Director Ken Ash said, "IDCN has had a remarkable run of late with record volumes and price rise." Technical Trader Dan Barton said, "IDCN has channeled down on lower volume, a very powerful bullish indicator." "IDCN should turn higher soon based on daily MACD and Slow Stochastic studies and make for new highs," continued Ken Ash.

Indocan has interests in Texas, Oklahoma, British Columbia and Alberta in both crude oil and natural gas production. More information can be learned by visiting our website: http://www.indocan.com/

  We seek "Safe Harbor"

  Company Info: [phone] Jeffrey R Bruhjell, president
  CONTACT: Investor Relations, Ken Ash [phone].


DATASOURCE: Indocan Resources Inc



CONTACT:  Jeffrey R Bruhjell, President, [phone], or investors,

Ken Ash, [phone], both of Indocan Resources Inc 



Web site:  http://www.indocan.com/

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