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

To: Biddldxb who wrote (168)	8/4/1998 1:23:00 PM
From: Greywolf	Read Replies (1) \| Respond to of 332

The following is taken from The Jordan Fund, an investment fund in Sweden. As far as we can judge the test drilling in NC177 is about to finish or has been concluded. The result from this drill is said to be better than could have been expected as far as oil reserves go. The company has, it is belived also found another larger structure within the NC177 block. The exact location of this is not given. This means that RSO has found an even larger oil field that can be up and producing in about a year from now. The fund finds today price at $1,70 to be CHEAP. Potential within one year is set at $5-7.