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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?


To: Timelord who wrote (1290)9/3/1999 1:03:00 PM
From: Tomas  Read Replies (1) | Respond to of 2742
 
Red Sea Oil Corporate Update

VANCOUVER, BRITISH COLUMBIA--Red Sea Oil Corporation (the ``Company') announces that the drilling of the C1-NC177 well on the Haruj A target in Area NC177, onshore Libya continues and is expected to be completed in approximately 4 weeks.

Located 25 kilometres south of the En Naga discovery (71 million barrels recoverable), the Haruj A prospect is one of many prospects and leads identified as a result of the extensive 1998 seismic campaign.

ON BEHALF OF THE BOARD
Ian H. Lundin, President

biz.yahoo.com



To: Timelord who wrote (1290)9/3/1999 1:25:00 PM
From: Tomas  Read Replies (1) | Respond to of 2742
 
Hi Alex. Lundin Oil closed at approximately US$3.70 in Sweden today, very good volume (close to 1 million shares traded). What do you make of the RSO press release? No reaction on ASE when it was released, neither positive nor negative, as far as I can see.

Regards,
Tomas