Red Sea Oil Corporation (RSO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Timelord who wrote (35)	12/9/1997 11:01:00 PM
From: Tomas	Read Replies (1) of 332

Oil in Libya, an overview. See: eia.doe.gov Some highlights: Libya is attempting to attract foreign companies with attractive incentives and production terms. Libya is generally a low-cost oil producer, with the estimated cost of expanding production estimated at 73 cents/bbl (compared with, for example, $2.80/bbl in Algeria). In October a South Korean consortium announced that it had discovered 1 billion barrels in crude reserves at the NC-174 Block. Continued expansion of gas production remains a high priority for Libya for two main reasons. First, Libya has aimed to use gas instead of oil domestically, freeing up more oil for export. Second, Libya is looking to increase its gas exports. Potential exists for a large increase in Libyan gas exports to Europe.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next