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 (4207)	8/23/1999 10:43:00 PM
From: Poseidonas	Read Replies (1) of 15703

Grayhairs and Bob: <Maybe the JV just needs to "prove" their ability to produce from the Temblor.> Grayhairs, IMO you hit the nail on the head. This is what the market wants to know. There are a lot of rumors flying around making investors and brokers very nervous (this is what happened today). You wouldn't believe the calls I got from my broker today telling me that word on Bay St. is that "they've pulled out the pipe and the pressures are too high to allow production". I agree with Bob, let's case and produce NOW!!! and put these fears to rest. Let the cash register collect $120,000 US /day from this baby and pay for the rest of the wells. At that point we can take our time and drill to deeper zones with the Berkley well. I think this is the logical and smartest thing to do and the market will also agree IMO!

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