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: Brumell who wrote (12904)	11/29/2000 1:16:32 AM
From: grayhairs	Read Replies (1) of 15703

Bob, Prior to the disposition which is the subject of all the current gum flapping, the APO working interests in ELH were: BKP 16.0% ELK 7.0% HTP 9.5% KOB 4.4625% POU 8.0% PYRX 10.575% RLP 4.0% TMK 1.0% WML 7.5975% Armstrong 17.5% Private#1 5.375% Private#2 5.0% Private#3 3.2025% Private#4 0.7875% Notwithstanding what you may see on certain websites\brokerage reports, do note how these interests actually do sum to a total of 100% !!!! The interest held by Chevron is a "royalty" interest. (As I recall, Hunt also backs in for a very small interest in the spacing unit of the Bellevue17R well, only, but I'm actually too pissed right now to check that out !!) Time to look at the "BIG" picture folks. Don't let the trees get in the way of the forest !!!!!!!!!!!! The interest of Private #3 has been sold for reasons known to Private #3 !! On the other side of the coin, PYR and XX have purchased the interest under a right of first refusal pursuant to the JOA. While you can try and read something into this, as no doubt you will, I do fear that you may simply be pissing into the wind and getting your shoes wet !!

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