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

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To: Bearcatbob who wrote (12)4/20/1999 3:45:00 PM
From: Grant Cash  Read Replies (1) of 34
 
hi Bob Just got this e-mail!INVESTOR HIGH ALERT!- V.RWD-REDWOOD ENERGY, LTD.Investor update on the 'WELL' at Windy Point, WY, USA. -'Redwood Energy's JV partner Canadian 88 (EEE on TSE) HIT! HIT! This 'WELL' came in higher then expected. Canadian 88 immediately cased the 'Well'. Sometime today, 88 will be drilling an additional 200 feet to reach its target depth within this Mission Canyon formation. Log data should be available to Redwood's management within a week. Additionally, 88's management informed Redwood that they are EXTREMELY pleased with the results and would like to initiate its option to drill a second 'well' on Redwood's 7800 acres. Late last year, Amoco informed Redwood's management that they would lay a pipe-line from its
Windy Point Claims once they had two successfully producing 'Wells'. This excitement continues to increase investor awareness and equity appreciation to stockholders. WHY NOT! -The Stock appears inexpensive considering V.RWD's tight structure, increasing revenue, NO Debt and on-going contributions from its JV partner. FANTASTIC
Performance! Bid: 1.05- Ask:1.15 REDWOOD ENERGY, Ltd. trades on the Vancouver Stock Exchange under symbol RWD.
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