VOL. XXXVIII

NO. 50

11-SEPTEMBER-1995

Sudan

RSO Acquires IPSL; IPSL To Drill Delta Tokar Concession

Red Sea Oil Corporation (RSO) announced on 6 September in Vancouver, Canada,the completion of the acquisition of International Petroleum Sudan Ltd. (IPSL)and the commencement of drilling operations in the Delta Tokar block, offshoreSudan, in November of this year. RSO acquired IPSL from International PetroleumCorporation (IPC) by issuing 10mn common shares in the capital of RSO. IPC hasacquired an...