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

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To: Michael M. Cubrilo who wrote (1142)12/19/1998 3:00:00 PM
From: grayhairs  Read Replies (1) of 15703
 
Hello Michael,

In your latest post, you stated "I do not feel that we have enough information to even make an educated guess about the size of the reservoir.... I do not feel that it is in the TCF category ....."

Michael, I am not asking for a reserve estimate (I do have my own). But, as I do not share your opinion that this reservoir is relatively small, I seek only to comprehend your opinion. For example, how big would the reservoir have to be before it was NOT just "relatively small" (to you)?? You have clarified that you do not believe the reservoir to be in the TCF category but would 100+ BCF be significant or would that still be relatively small (in your opinion) ?? In other words, what's YOUR threshold \ cutoff between relatively small reservoirs and significant reservoirs (in East Lost Hills, California at a depth of approximately 17,500 feet) ??

Also, if you "... do not feel that we have enough information to even make an educated guess about the size of the reservoir." then how on earth could you have concluded that the reservoir is (1)relatively small, and (2)not in the TCF category ??

"Reservoir pressure? Sorry, can't help there either as I do not have enough information available."

If you do not have enough information available to estimate an approximate value, how did you conclude that the reservoir is over-pressured ??

Later,
grayhairs

P.S.--You have not yet clarified your opinion with respect to "oil". Might I ask you to respond to the questions that I posed in #1139 ??
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