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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: dan jay who wrote (5530)10/8/1999 7:40:00 AM
From: STLMD  Read Replies (2) of 15703
 
danjay....Kob has a 4.4% APO interest in ELH. Estimates for reserves for ELH range between 3-16 TCF of gas. Kob is not involved in CC and thus not much movement in comparison to HTP or TMK. However....ELH1R is near production testing and should be producing at some rate of 20-30MMCF/D if all goes well with testing. We should also have some very preliminary data of reserve size(with probabilities, not certainties expressed) after testing.

BKP#1 (also at ELH about two miles away)is now cased to intermediate depth and going to TD. Don't even expect to see TD for 45 days or so. Don't expect testing or production data until after the new year.

In comparison, CC is estimated to have max of 3 TCF based on the VSP and seismic data. TMK appears to be benefitting from this play but I believe that is primarily due to the fact that many investors do not realize that F/D shares for TMK are greater than 22 million, not the 13 million that we see frequently quoted. elandjennings.com has an update that reflects those realities.

In conclusion, KOB, as GH has stated is in fine shape, with, I believe, lots of action ahead as we better define the ELH reserve and begin production and further drilling over the next six to twelve months.

Stephen
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