KOB.TO - East Lost Hills & GSJB joint venture Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sylvia Dupuis who wrote (4070)	8/18/1999 10:56:00 AM
From: Salt'n'Peppa	Read Replies (1) of 15703

Sylvia, I think that you are reading the report correctly. There is still the 100% realistic potential in the ELH mapped structure for up to 16TCF gas. This has been stated by the JV oil companies and is recognized by industry analysts. Alan Knowles is using a maximum of 10TCF in that report. According to my own personal calculations (which have been derived with the help of some accounting minded buddies), 16 TCF would give HTP a per share value of $128 BPO (payout is defined as that point in time when the cost of drilling the first exploration well in ALL FOUR properties is recovered, which will likely be a year or more from now). I think Westminster worked out at $75. Alan Knowles at Research Capital is using slightly different parameters, but comes up with an HTP estimate of $155 APO for an upper potential in all four properties combined. He is using $1.00USD/mcf in the ground value and I am using $1.25USD. Regardless of the minor parameter changes, the potential is staggering. We are talking Amazon.com here, but we don't sell books! Regards, S&P

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next