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Gold/Mining/Energy : Redwood Energy Ltd. (RWD.V) -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (26)	5/19/1999 12:20:00 PM
From: K. Anders	Read Replies (1) \| Respond to of 34

O.K., here we go with the newest update from I.R. : - weather & mechanical problems caused the operators to lose two weeks of work; this is the reason for the delay in the flow results. In spite of this delay, it appears that flow results and cash flow are anticipated much sooner than originally expected. - they're going to tie the well in with Chevron or Amoco within 30-60 days - apparently they have capacity & need gas. - they've finished logging and are ‘very satisfied' with the results. - they've put a 5” liner in & cemented – they're now drilling the cement our now. - they've seen good gas kicks – logs indicate that it should be productive & commercially economical. - they're above the water zone - flow results beginning of June – moving service rig on by May month end - a second well is to be drilled & completed before year end. This well is to be considered a very ‘safe' well - will be doing 3D seismic in conjunction with 2nd well - they anticipate 8 wells on this property once the field has been drilled out There you go. TTYL. Karl