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 (3149)	6/30/1999 12:52:00 AM
From: Salt'n'Peppa	Read Replies (1) of 15703

Check, you are right. I forgot about the extra half option per share. Still, I see 20.7MM + 5.5MM = 26.2MM shares. I must be missing something... Regardless, it needs to be done in order to continue financing their commitment to the SJ Basin. Reducing their debt will make them more attractive as well. If all these shares are issued, they will raise $23.7 million, which buys quite a lot of drilling. Cheers, S&P

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