KOB.TO - East Lost Hills & GSJB joint venture Message Board

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

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To: Check who wrote (3675)	7/27/1999 1:06:00 PM
From: Dave E.	Read Replies (1) of 15703

Hi Check, Nice to see that it isn't just us paying the higher gas price (57.3 cents yesterdy in Ontario). Given my involvement in ELH I don't mind a bit. Re: relative holdings I have a feeling that all the speculative boats - TMK, HTP, KOB - will rise at about the same rate with the difference being more to do with affordability - i.e. it is apparently "cheaper" to buy TMK - than with the somewhat arcane determination of relative share of the project which seems to be beyond most everyone except yourself. At least this will apply in the euphoria days before we all get sensible and start looking for sustained big buyer involvement to keep prices bubbling. Even if Cal Canal is dry there is enough just behind it to keep the interest up. Right now we are all looking for 8-12 TCF (minimum) anyway - right Check? - so everything will be in the stratosphere by Christmas and we'll all have to widen the columns on our spreadsheets to contain all the digits on our gains! (Maybe you should try counting gas bubbles at night to sleep - rather than creating them!) Dave E

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