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

To: Donald Lickman who wrote (89)	1/20/1998 11:31:00 AM
From: Kent C.	Respond to of 332

Morning Guys, just got this from Canaccord this morning (on Red Sea Oil): RED SEA OIL. ("RSO-Y") - Three of five drillstem tests on well B1-NC177, on Block NC177 onshore Libya, have been completed and combined flowrates of 5,789 BOPD have been achieved. The testing program will now continue and two additional tests will be carried out in the Facha level of the well, before the well will be suspended. The Facha level is the principal target. Sands Petroleum AB has a 40% interest in Block NC177. Red Sea Oil Corporation holds the additional 60% and is operator. Sands Petroleum AB directly, and indirectly through its subsidiary International Petroleum Corporation, IPC, owns approximately 61% of Red Sea Oil. MC - Near-term potential of $5/sh with the successful test of the Facha zone. from Canaccord - canaccord.com - Cheers, Kent@investor1.com

To: Donald Lickman who wrote (89)	1/20/1998 12:26:00 PM
From: A Cohan	Read Replies (1) \| Respond to of 332

Donald, * Off Topic * Re High Profile People: > I send my highest regards to Lucas, Ian, Eva and Adolf for building an empire from nothing. Seems like you know members of the Lundin family on a personal basis. Did you meet them while working in Switzerland? Another High Profile Person: John Felderhof, of Bre-X "fame". A front page article in The Northern Miner mentions that he lives in West Bay, Grand Cayman. Have you met him? If so, any insight into what he knew about the Bre-X gold salting fiasco? A Cohan