IND 0.00% 2.1¢ indus energy nl

Indus in the news...

  1. 204 Posts.

    Last week we noted a couple of oilies looking to pick up bargains as distressed producers sell off projects to help cope with the plunge in oil revenues. Add Indus Energy (IND) to that list. The share price at 2c belies the scale of ambition, which is to become, quick-smart, a mid-tier North American oil producer. Indus has picked up oil sands ground in Alberta, has committed to four re-entries into old wells at a total cost of $700,000, and then will proceed to drill 13 low-cost ($600,000 each) wells to test oil flows. On top of that, the junior has plans to pick up surrounding ground to enlarge its footprint.


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    No investment advice is implied and investors should seek professional guidance. The writer does not own shares in any company mentioned.
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