from the March 27, 2008 NR..
RAS LANUF CRUDE OIL SUPPLY
Vancouver - Winfield Resources Limited (the "Company" or "Winfield") (TSXV:WWF.H) announces that, further to its news release of January 10, 2008, it has received conditional approval from the National Oil Corporation ("NOC") of Libya to a crude oil supply arrangement.
With respect to the Company’s application to build, own and operate a 300,000 barrel per day oil refinery at Ras Lanuf, Libya, Winfield will purchase 150,000 barrels per day of crude oil from the NOC, specifically Amna and Sirtica blends.
Winfield will purchase the remaining 150,000 b/d from other sources where the crude oil is heavier than the Libyan blends and where the corresponding discounts support better refinery economics.
The sale of the crude oil by NOC to Winfield shall be in accordance with NOC’s general terms and conditions, at official international market prices.
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and according to my associates in the oil business, the crude oil supply, the two blends of Amna & Sirtica, and the heavier than the Libyan blends, it is quite apparent that now, all we are waiting for is financing.
My sources tell me that SOON we will hear something!!! Let's see how this plays out!
gumby
P.S. Babs, that's for keeping order here in my absence.