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: Bearcatbob who wrote (4223)	8/24/1999 8:55:00 AM
From: Kerm Yerman	Read Replies (4) of 15703

Bearcat / News release Wee bit disappointed. Short term outlook for shares in these companies at risk -- longer term, outlook is still very encouraging. I'm sure pending announcement was reason why shares tanked yesterday. Evaluation was the key factor here --- we knew well would be successful. Incomplete testing is a negative over near term. So, on to the next well and the long process to determine extent of what we have here. Any surge in shares will really be based on this type data/information. The situation has changed somewhat. New wells are higher degree of risk and we're looking at potential, rather than a sure thing as we had with Bellevue #1-R. An unsuccessful well could really be damaging to shares of these companies --especially the little guys who are riding solely on this play.

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