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Gold/Mining/Energy : Redwood Energy Ltd. (RWD.V)
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To: Sylvia Dupuis who wrote (21)5/5/1999 5:02:00 PM
From: K. Anders  Read Replies (1) of 34
 
Sylvia, my understanding from previous press releases is that EEE is the operating partner & owns about 75% of the play. RWD is carried for 10.16% on their first well and I believe are going pro rata on costs thereafter. The prospect of this play along with their new oil discovery in Alberta is very big news for this junior. I was a little confused by your statement and wanted to make sure you weren't mislead by anything.

I talked with the IR guys and they said we are very close to the release with the flow results (probably Mon or Tues.) They also said the drill at the end was quickening & that's a sign of good porosity! They also said that they were experiencing good gas kicks.
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