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Gold/Mining/Energy : Red Sea Oil Corporation (RSO)

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To: Greywolf who wrote (316)4/24/2000 5:25:00 PM
From: Greywolf  Read Replies (1) of 332
 
This is very simple!

Lundin Oil has said that Libya is the jewel in the crown and it is for all intent and else.

- The Sudan is years away, years.

- Malaysia is at the best more production yet not on the scale of Libya and it will happen earliest in 2003.

- PNG is a pipe dream, this far. It will happen but hey I know how Australia works it ainït going to happen soon.

- Other projects are looking good and they will make money BUT Libya is the cash cow that will make it happen sooner rather than later.

Lundin Oil will have to pay more for the %ïs they do not own of RSO, a lot better or wait until 2003 for more real production. It is very simple!

Take it or leave it!
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