Redwood Energy Ltd. (RWD.V) Message Board

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Gold/Mining/Energy : Redwood Energy Ltd. (RWD.V)

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To: K. Anders who wrote (3)	3/25/1999 10:24:00 AM
From: Grant Cash	Read Replies (1) of 34

I Received this by fax a couple of days ago... REDWOOD ENERGY, Ltd.-Just when investors thought the gas sector died...up pops a living WINNER! Redwood Energy, Ltd's.(RWD on VSE) unique situation enabled it to attract Canadian 88 (EEE on TSE), a mid-size Canadian oil/gas company. 88 only looks for areas where the benefits outweigh the the inherit risks in doing exploration and development. 88 approached Redwood in Oct. 1998 to farm out its gas exploration interest in Lincoln County, Wyoming, USA. Both companies agreed that Redwood retains a 10.16% interest in the Windy Point exploration ‘well' which was spud in early January 1999. The target drilling depth is around 14,000 feet of which 11,500 feet has already been drilled. This will be the first deep exploration ‘well' to be drilled in SW Wyoming in over 10 years. Redwood Energy and Canadian 88 experts believe this Mississippian aged Mission Canyon formation will contain 200-500 bcf of natural gas. On in production, this 'well' should deliver around 20 mmcf to 40 mmcf per day. Many analysts and industrial experts are closely watching the developments. When this baby“COMES IN”, it should be the largest strike of its kind in many decades. Redwood has no debt and earned $160,000 gross for fiscal 1998. It has a very tight stock structure with only 6.5 million common shares outstanding and fully diluted. 67% of the outstanding remains in the hands of management and directors. Four million shares are free tradeable. The strong and reputed directors and management further adds to this Company's creditable business status. This Company should be a focus on the investor who understands growth and value. With the recent increases in gas and oil prices, Redwood Energy remains a TOP portfolio pick in today's reemerging gas sector. REDWOOD ENERGY trades on the VSE under RWD. STOCK ACTIVITY 52 Week High $1.00 52 Week Low $0.40 Average Vol: 115,000 Current Price: $0.85 For Further Information Contact: #757-631-1094 in USA

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