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: Salt'n'Peppa who wrote (1363)	1/27/1999 11:49:00 AM
From: johnlag	Read Replies (1) of 15703

Factoid... Interesting, Oxy Petroleum (12th largest oil co. worldwide) is cutting its exploration/production budget by 63% from the $700 million dollar range to the low 200's. The only two places they are going to continue to spend is in the Elk Hills field (a few miles from ELH, a 1.8 Billion barrel field) and in Qatar. Interesting. I wonder if the ELH discovery has something to do with their continued interest in the basin. John

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