Red Sea Oil Corporation (RSO) Message Board

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

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To: Timelord who wrote (42)	12/22/1997 1:42:00 AM
From: Tomas	Read Replies (1) of 332

What the company is telling us between the lines, or almost on the lines, is: "We have discovered commercial oil, we have at least 100 million barrels of recoverable oil in the upper zones". RSO organized a telephone conference 10 days ago, and they had a lot to say... They expect this well to produce 6000-7000 bopd, maybe even 8-9000! Early production can start before summer at a rate of around 3000 bopd. Full production: more than 30.000 bopd. There's a lot of Zelten in NC-177, the total potential is enormous. A second telephone conference is scheduled to take place on December 26th. I wish one of the participants could give us a report on this thread. RSO must know for sure they will have something to say by then. Testing just started this weekend, they need 5 days per zone, by the 26th they have probably finished Beda and started testing the main Zelten reservoir. This is getting very exciting!

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