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Gold/Mining/Energy : American International Petroleum Corp

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To: qdog who wrote (5689)12/9/1997 9:59:00 PM
From: Timelord  Read Replies (3) of 11888
 
[Off topic]

Since Razor has been assimilated, I don't know any other oil experts on the threads - can you do a critique of these news releases from Red Sea Oil (ASE:RSO). A little background, RSO is a spinoff from International Petroleum (IRPPF), a Lundin owned company. Several Libyan tracts and an offshore Sudan concession are its only claim to fame. This is the second well on this concession, first was p&a on another target play. I know nothing is absolute until the well test, but they seem to be excited enough about the oil shows in the first release to follow it up with a second release of the log data showing '120 ft of net pay'. The "Zelten" was an unexpected show of oil as the Beda level was the test target.

biz.yahoo.com
biz.yahoo.com

So what do we have - hype, wishful thinking, or a possible Xmas present?

TIA for your review.

Alex
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