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Gold/Mining/Energy : Red Sea Oil Corporation (RSO) -- Ignore unavailable to you. Want to Upgrade?


To: Timelord who wrote (46)12/27/1997 9:56:00 PM
From: Donald Lickman  Respond to of 332
 
Spoke to a reputable exploration expert on the results to date and he stated that these types of limestone formations can produce HUGE flow rates. Some wells in the basin have flowed up to 30,000 bbls per day and with the intersection RSO has hit the NC177 well could be a barn-burner. Ian Lundin is also the conservative "Lundin" and his press releases appear to be very optamistic. They have so much money they don't need to play games.

I think they have nailed a big one and I have went long a substantial amount of shares, hope I'm right.

Anyone know if there are follow-on Prospects identified in the Block?

Lickman