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: Bearcatbob who wrote (2498)	5/16/1999 5:16:00 PM
From: Check	of 15703

Hi Bob, this is an excerpt form ELK's annual report, fresh off the press. Footnote # 8, to be exact. <<"Commitments & Contingencies The comp. has a working interest in a well in California that blew out........ Insurance policies are in place to cover the costs of well control, a relief well, a replacement well, pollution and seepage and other third-party claims, up to specified limits. The company believes that these costs will not be materially in excess of the amounts covered by the insurance policies. The Company is not aware of any other claims.">> Now that doesn't sound so bad, does it?

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