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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: Dave E. who wrote (3127)6/28/1999 11:44:00 PM
From: Salt'n'Peppa  Read Replies (2) of 15703
 
OT: Dave, I am baffled by the words "too pressurized to harness" also.

It certainly is not typical within the industry to abandon a highly pressured, large, 12,000 foot deep gas well. Something sounds a little fishy here. We know very few details, of course.
Surely though, they could have taken some flow measurements and/or pressure data, since the well was not compromised. I would think that if they had such data to show prospective investors, someone would know about it.

I did check their website and can find no mention of them ever drilling a 12,000 foot well. The website is very vague. It tells very little about the financial structuring of the company and their properties. There is no mention of a 300bcf target anywhere.
They do, however, splash their 4 billion barrels of light oil plus 10TCF Ekho target all over the place.
They have tried to imitate Hilton's "Flash 3" animation, but it runs too fast and I must say that geologically it is poor.
tri-valleycorp.com
They claim to be the 9th largest California gas producer, but they give absolutely no data whatsoever on their website.
I'm baffled.

Perhaps Grayhairs can shed a little technical expertise on why their abandoned well was "too pressurized".

S&P.
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