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: grayhairs who wrote (3521)	7/15/1999 1:02:00 AM
From: Salt'n'Peppa	Read Replies (1) of 15703

Good evening Grayhairs, I have to say, as you did, that with respect to all the "Interest" figures quoted by EJ in their tables, I find a few discrepancies also. I must point out that I think we are splitting hairs (any colour!!) here. These are highly mobile stocks we are talking about. To try and place such accurate valuation on them for trading purposes, relative to one another, seems to me to be analogous to measuring your teaspoons of sugar to the grain, and thus overkill. Maybe this is the engineer in you shining through! tease I think that the EJ tables provide close enough figures for most investors to be able to comfortably establish their positions in ELH according to their own risk/greed tolerances. I have not read any APO figures for Hilton. I have only seen those figures quoted on their latest NR, stating 12.13% interest in ELH. I am assuming for myself that this is "gross working interest". The KOB understatement in the EJ table requires a +1.4% correction. As I understand it, ELK has 6.34375% in the first well and 7% in all other ELH wells. They are slightly overstated by EJ. Does Prima even have a case against PYRX? It seems clear to me that they voluntarily backed out of the sidetrack on Bellvue #1, thus relinquishing their interest. Then again, I haven't seen their contract - even if I had, I probably wouldn't understand the "legalese". <<< Given that I have my Viagra money riding on this, I'd sure sleep better if I knew that the EJ numbers are accurate !!) >>> I thought the idea with those little pills was that you did a little less sleeping... Pleasant dreams. S&P

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