Red Sea Oil Corporation (RSO) Message Board

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

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To: Gunnar who wrote (148)	4/10/1998 10:51:00 AM
From: Timelord	Read Replies (1) of 332

Marten, I understand what you were saying now, and I agree 100%. RSO was spun off for investors to directly participate in IPC's concessions, you would think they could at least issue a separate news release for those shareholders that put up their money!! Not everyone has an investment in LOI also. As far as the results being disappointing, it is my experience in the oil patch that speculators all want billion barrel discoveries, and very few have the patience to wait for the normal, long term discovery and development process that actually is involved. Just the fact that significant quantities of oil were discovered is pretty exciting, and additional drilling can only increase the reserves ( and the share price)! These lulls between storms are simply buying opportunities. Or we could invest in Yahoo at $115 per share against 0 net income, isn't that a good investment?!?! <ggg>. Alex PS: I've eliminated my name from my identity because I was surprised to find my SI musings plastered all over the Internet search engines - I didn't bargain on my silliness being so accessible to family, friends, and (unknown) enemies...

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