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

To: Donald Lickman who wrote (117)	2/11/1998 9:55:00 PM
From: Tomas	Read Replies (2) \| Respond to of 332

<<The results are still very good>> I Agree! The Facha reservoir is commercial, that's what counts. When RSO start trucking the oil (no later than summer) they won't be able to handle more than 2500 bopd, so a sustainable Facha production rate of 1800-2500 bopd with a pump installed is just about what they need during early production. (Full production starting 1999 is a completely different thing). Further accumulation: CAD 2,90-3 looks like a good level to me. The road show starting next week will probably help stock price, and when they announce 100+ MMBO in March I'm sure we can say good bye to the trading level of today. This stock will not get a chance to fall asleep, not even to rest for more than a short while.<g>