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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: Rocket Red who wrote (3795)8/1/1999 1:01:00 PM
From: grayhairs  Read Replies (2) of 15703
 
Well, believe what you want, Rocket.

Originally "the KOB Group" held a 6.56% interest BPO. That interest reduced to only 4.92% APO. When Prima opted out of the whipstock of the Bellevue #1 well, "the KOB Group" picked up an additional 0.44% interest BPO which incremental interest reduces to only 0.33% APO. So, in total "the KOB Group" holds a 7.00% interest BPO which reduces to a 5.25% interest APO. KOB holds 85% of "the KOB Group" interest so KOB's direct interest is 5.95% BPO and 4.4625% APO.

Just because you do not understand what KOB holds does not mean that they and others do not.
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