Red Sea Oil Corporation (RSO) Message Board

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

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To: Donald Lickman who wrote (56)	12/30/1997 8:22:00 PM
From: Timelord	Read Replies (1) of 332

They said 30 days in the conference call (on the 22nd), but I've never known them to take that long except for the last dry well in Libya. I would watch the tape, its probably your best indicator of results... The Sands/IPC merger has been approved by shareholders, with trading in the new company, Lundin Oil, scheduled for January 15th. This may influence the timing of the announcement, as a gusher would be a great way to inaugurate the company. I am nervous also, as I did not want to be betting on the results of one well (are the odds as bad as slots??), but management has clearly stuck their neck out on this one. If the price spikes sufficiently, I may lock in some profit, but it will be a judgement call... Good luck. Alex

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