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

To: Donald Lickman who wrote (73)	1/19/1998 9:52:00 AM
From: Tomas	Respond to of 332

Trading has been halted effective at the open on January 19 1998, pending an announcement. Sands and IPC up 15% in Sweden! Beda + Zelten tested 5789 BOPD!! Beda 725, Lower Zelten 303, Upper Zelten 4761.

To: Donald Lickman who wrote (73)	1/19/1998 11:22:00 AM
From: Tomas	Read Replies (1) \| Respond to of 332

Oil Discovery in Libya: Combined flowrates from first three drillstem tests 5,789 BOPD Sands Press Release: sandsp.se

To: Donald Lickman who wrote (73)	1/19/1998 1:00:00 PM
From: Gord	Respond to of 332

This is very good news for Red Sea! This seems to be a very respectable oil flow. Is there any rumors when the Facha zone will be tested? or is it already tested and we are waiting for results? A little early for a drink.....but lets have one for Red Sea! Gord.

To: Donald Lickman who wrote (73)	1/19/1998 8:01:00 PM
From: Tomas	Read Replies (1) \| Respond to of 332

Donald: Most of the excitement was from the Zelten reservoir, thats true, but Facha is still very exciting! I don't expect Facha to flow as much as 4000 BOPD, but vacuum pumping can later bring production up to that level. This is what Lundin said a month ago before they decided to test more than one zone. Now we have two tests to look forward to. The early production will be trucked (50 km +-1km), a pipeline will be completed in one year from now. The existing pipeline network has an excess capacity of 350.000 bopd. We won't know if they have 100 or 180 million barrels of oil until March, 6-8 weeks from now.