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 (125)	3/13/1998 11:26:00 AM
From: Tomas	Read Replies (1) of 332

News from Libya next week, probably just before the Extraordinary General Meeting of Sands on Tuesday. The independent third party consultants have just finished their work, I believe we can expect recoverable reserves in the range 70-100 million barrels at this stage. Indications are that the En Naga North oil reserves may be close to 180 million barrels, but they need to drill another well or two before they will be able to prove it. Sands suddenly rebound in Sweden today, from -1,5% to +1,5% in just a few minutes, and RSO is suddenly looking much healthier. I think it's a good idea to buy today (and sell on Tuesday?). RSO is definitely a winner in the long run.

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