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: Kerm Yerman who wrote (4233)	8/24/1999 9:15:00 AM
From: STLMD	Read Replies (2) of 15703

Kerm... Why do you say that new wells are at a higher risk now? It was my understanding that the Temblor has pretty strong seismic definition and that the large Nabors rig on site to spud this week should be able to handle the pressure and variations of the Temblor and beyond. Am I oversimplifying this? I agree that short term we may see some downside risk(or buying op) and I think long term we're sitting on a great find. The market usually trades on a six to twelve month horizon so I guess the only negative I can see here is the lack of information of the areal beyond 17428 ft. Is this accurate?..Thanks....Stephen

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