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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: Check who wrote (959)12/11/1998 3:06:00 PM
From: Mr. Oil  Read Replies (1) of 15703
 
Thanks Check. I believe Boots and Coots are making good progress and I expect flow tests to be encouraging. It is likely water coming from this well will not have any material effect on the significance of the hydro carbons down there. Of course there is water going to enter the well when one considers that ground water is a common factor every where, even in a desert. When you drill down 17,000 meters there will be water streams passed probably several times. A crack in the casing is more than likely given the amount of pressure coming up out of the well when she broke loose. I don't get the sense this is a big concern. If the gas flows confirm the presence of a significant find and the water source is confirmed as mere ground water the stock will begin to spout like the well. JMO.

Ray
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