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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: JAS who wrote (1312)1/20/1999 8:43:00 AM
From: Check  Read Replies (1) of 15703
 
Hi Jim,

the water is coming from the bottom of the hole. It has also increased with time. As far as I could tell, nobody involved, other than a few possibly nervous investors, is surprised or concerned about this. That is, in terms of future potential. In terms of disposing of the water, that is a cost we could do without.

The good news is that while the gas/water ratio may have changed, as expected, the undiminished flows after such a long time speak well of the reservoir size. There have been no signs of depletion whatsoever.

CIO
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