Securities Law & Instruments

Headnote

Section 83 of the Ontario Securities Act- Reporting issuer deemed to have ceased tobe reporting issuer- has one security holder. whose latest address is in Ontario.

Application Ontario Statutes

Securities Act, R.S.O. 1990, c.S.5., as amended ss.1(1) and 83.


IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, CHAPTER S.5, AS AMENDED(the "Act")

AND

IN THE MATTER OF
RED SEA OIL CORPORATION

ORDER
(Section 83 of the Act)


WHEREAS Red Sea Oil Corporation("RSOC") has applied to the Ontario SecuritiesCommission (the "Commission") for an order pursuant to section 83 of that Act that it bedeemed to have ceased to be a reporting issuer;

AND UPON it being represented to the Commission that:

1. RSOC has been a reporting issuer in Ontario since August 18, 1995.

2. RSOC has one security holder, whose latest address as shown on the books is inOntario.

3. There are no securities of RSOC listed or quoted on any exchange or organizedmarket.

AND UPON the Commission being satisfied that to do so would not be prejudicialto the public interest.

IT IS ORDERED, pursuant to section 83 of the Act, that RSOC is deemed to haveceased to be a reporting issuer for the purposes of the Act.

August 16th, 2000.

"John Hughes"