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 (5514)	10/7/1999 9:28:00 PM
From: griff	Read Replies (2) of 15703

A couple of questions, looking ahead.... Hypothetically speaking, assuming ELH and CC were the same fields, what would be the maximum flow rate CC could produce? I know the ELH 1R has a smaller casing size because it was from the relief well and COULD produce a max of 50 million cubic ft/day but I'm not sure of the casing size/max permitted flow for the CC well. I realize that assuming there IS gas at CC that neither it nor ELH 1R will likely produce at max flow but it is a possibility is it not? Do the charts at Eland Jennings account for timeframe for recovery or are they just based on bookable reserves? As well, knowing that HTP owns about 17%? of TMK and Busby is involved with both, is there any benefit to the shareholders for an HTP buyout of or merger with TMK? (Or is it more profitable for the insiders to keep them separate?) HTP could grab a controlling interest in TMK (at today's prices assuming 5M shares diluted for a round number) for a measly $4,000,000 and increase their holding in the GSJB JV by 50%. Yes, I realize that's a lot of if's etc. but just trying to formulate a picture for a rosy future! Good luck to all.

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