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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: Rocket Red who wrote (15677)12/1/2002 7:07:41 PM
From: Rocket Red   of 15703
 
The ELH game is over finished toast as in read below

Operations on two of the East Lost Hills wells in California, the ELH #4 and ELH #9, have been suspended. The operator, Berkley Petroleum Inc., a wholly owned subsidiary of Anadarko Petroleum Corporation, has announced to the participant group that it will not propose nor participate in any additional operations at East Lost Hills. No other participant has made proposals for continued operations on the #4 and #9 wells. As a result of continued operational problems and inactivity, certain leaseholds in the project have expired or will expire in the near future. Although the participant group has not approved or consented, the operator has formally proposed to plug and abandon the two wells.
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