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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: grayhairs who wrote (3669)7/27/1999 12:15:00 PM
From: Check  Read Replies (2) of 15703
 
Hi Grayhairs,

<<Maybe EJ guys can comment, or perhaps Check knows ??????????>>

Check don't know but guess max. 10 % on fully diluted basis.
Ball over to EJ: how many TMK shares does HTP have beyond the 1.16 MM announced in connection with the ELH swap?

...<<I see tremendous upside potential for TMK but also understand that unless one of the prospects in GSJBJV hits, I'll be lucky to recover my cost basis from their minor current assets (including a good size discovery at ELH where they have only 1.0% APO).>>

My abacus says 'my' TMK at current prices (around $1.38) is already discounting a better part of a 2 TCF find at ELH. Now, should they find as much in the GSJBJV, the stock bolts into first place ahead of HTP in terms of the combined upside potential. So I stick to my triumvirate: KOB for ELH, TMK for GSJBJV, HTP for the best combo.

Have a good one.

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