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: Rocket Red who wrote (3787)	7/31/1999 11:30:00 PM
From: grayhairs	Read Replies (2) of 15703

Rocket, KOB's interest is 4.4625% AFTER PAYOUT (It is larger before payout.) The market is not yet pricing ELH participants for anything close to the probable MONSTER size of ELH !! KOB current share price reflects an ELH reserve of only about 500 BCF whereas TMK shares pricing already reflects about 1.2 TCF. TMK will definitely NOT outperform KOB on the strength of only ELH because TMK has a much smaller interest, only 1.0% APO. (TMK could however outperform KOB if one of the other GSJBJV prospects happens to hit bigtime.) But, TMK will soon have to issue another boatload of shares so it won't be very long until TMK also has 20MM F\D. BTW Rocket, what happened ?? A couple of weeks ago you were telling this thread that we would know the ELH and Cal Canal reserve numbers by now !!! Well, they still haven't run those "tests" and like I told you before, don't you be holding your breath for those "tests". LOL !!

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