Indocan Resources Reports Spudding of Abilene #3

ABILENE, Texas, June 20  /PRNewswire-FirstCall/ -- Indocan Resources Inc (OTC:IDCN) reports our oil partner and driller Sunray Oil Company has Spudded Abilene #3 well. Target depth on this hole is 2850 feet and they expect to TD the well in five days or so. The leases contain several anticlines (buried hills) that are similar to known producing structures in the area. Some channel sands were also indicated on the southern portion of the leasehold area. These were discovered as a result of the 3D seismic. The leases are located in the vicinity of one of the most prolific fields in the county known as the Reddin Field (cumulatives in excess of 10,000,000 barrels of oil since discovery in the early 1900s). Our geologists believe that the dome of the formation is located under what will be wells #3 & #4.

In this area, production has occurred from more than 10 zones down to a depth of 2600 feet. Wells on the McCoy leases had initial potential of over 100 barrels of oil per day (BOPD) on the average with some wells having initial production rates exceeding 1000 BOPD. Most of these wells flowed for over 5 years and 20 years later were still producing in excess of 25 BOPD.

Sunray's Abilene #1 initial flow rate was 125 BOPD and is currently producing 30 to 32 BOPD this will be opened-up a bit after about nine months. The swabbing unit is finishing our #2 Abilene well this week. We'll receive flow reports after that.

  More information is available at 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, [phone], or investors,

Ken Ash [phone], both for Indocan Resources Inc



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

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