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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: Roman S. who wrote (758)12/9/1998 12:02:00 AM
From: JL  Read Replies (1) of 15703
 
Roman...

It would (at this point) appear that they're going to drill the relief well as a second well. Somehow or another they are going to seal off the first well with cement. Whether or not they use the "relief well" for this purpose I can't even guess. I assume it depends on what kind of water we have here. If the water is brackish that bodes ill for the "discovery". Brackish water is deep water. Salt content etc.

They still have a chance of the discovery of a lifetime here but there's been a definite crimp put into the formula that well #1 was it. It pisses me off 'cause I bought recently not early.

Hold and you still might win. Sell and .... Like they say. Let the buyer beware.

JL
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