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

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To: Donald Lickman who wrote (48)12/28/1997 11:48:00 AM
From: Timelord  Read Replies (1) of 332
 
Donald: The oil shows they had were as follows (from top to bottom): Fasha, Upper Zelten, Zelten, and Beda. They split the Zelten because it was such a large zone. The Fasha and Beda were the original targets, and both had shows, the Zelten was completely unexpected. Testing was begun on the Beda level the night of the 22nd, and was being estimated at 30 days to complete all zones. A total of 5 drill stem tests were planned. The appraisal program was to continue through June. The NC-177 is a huge block, about 350Km by 200Km, and over 9 leads have been identified, some even larger than the B1-NC177.

Info from the conference call 12/22.

Alex
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