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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: Salt'n'Peppa who wrote (3106)6/23/1999 6:50:00 PM
From: STLMD  Read Replies (1) of 15703
 
Thread.. Two observations:
One... I'd like to echo Grayhairs comment of a fortnight ago regarding these drilling plays. ELH,with Bellevue 1 currently below 13500 feet as I understand it, is a known entity,previously a 7 inch hole stuffed with miles of failed kill material since December that produced at blowout over 100 million cf per day, and that, in spite of all the kill attempts, produced a sizeable amount of gas until the final kill. Risk in this play IMHO is minimal in comparison to the others that are based only on seismic data. Keep this in mind when making investment decisions on the other San Joaquin Valley/Kern County prospects.
Two...I anticipate the buildup in price to be coming soon. Look at how hard the tree is being shaken for weak shares with these cycles of dips over the past month with low volume in KOB, HTP and also look at the lack of price movement in PYRX and the occasional drop to near $2 with greater than average volume since May 28.

Looking forward to next month. The cookie jar is empty, the sucking sound we hear is my final preparations finding all loose cash. Good luck to all. I look forward to the increase in communication once the play nears TD. Stephen
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