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

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To: Tomas who wrote (143)4/1/1998 11:13:00 PM
From: Timelord  Read Replies (1) of 332
 
Tomas, still slightly ahead from last year, but basically a stale quarter, tooo much gooey stuff in the portfolio! <g> No road show, no news, no reserves estimates = no stock action - seems simple to me... I keep wanting to pare my SANPY position and cash in some of those snags late last year, but I'm not moving until I see some news releases and the price is right. My drillers are beginning to show signs of life - cash needed, send large unmarked bills <g>. Arakis, Abacan and Chesapeake still big disappointments - ah, that's why I have no powder left <g>.

Let's see, what are we waiting for - Libyan reserves, $300M in financing (not with oil at $16/bbl?), first well in the Falklands - any and all would be welcome.

Alex
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