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

To: humblepie who wrote (111)	2/10/1998 6:23:00 PM
From: Donald Lickman	Read Replies (1) \| Respond to of 332

I was given the same information today. Any idea of performance of the Facha zone in the surrounding fields?

To: humblepie who wrote (111)	2/23/1998 6:39:00 PM
From: Tomas	Respond to of 332

Red Sea Oil - Financial Post says management confident Monday Feb 23 1998 The Financial Post reports in its Saturday edition that Red Sea Oil, whose shares jumped 33 per-cent on January 19 after it reported an oil gusher in Libya, is watching the current situation closely, but is not worried. Reporter Ian McKinnon notes that Moammar Gadhafi's statement does not make Red Sea feel it will result in any impact on its contract, according to Sophia Shane, manager of corporate development. Red Sea is counting on Libya as a company-making play. The company expects to be awarded one or two more blocks this year. Overall, Canadian oil and gas producers and service firms are keeping their heads down and hoping their Libyan contracts do not become casualties if Canada participates in military action against Iraq. Libyan leader Moammar Gadhafi threatened this past week to cancel contracts held by Canadian firms if a US-led coalition, of which Canada is a member, launches an air strike against Iraq because of its refusal to let United Nations arms inspectors visit various sites.