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: grayhairs who wrote (2577)	5/19/1999 6:46:00 PM
From: johnlag	Read Replies (3) of 15703

Grayhairs, it's meant as a guidepiece, a what-if scenario, a benchmark, if you will, for the team involved. If you like the ELH side only, the possible impacts are separated. Further, the GSJB prospects include more than 7 individual prospects. Three of these will be drilled this year (drill-gods allowing). Our chart 'projects' a possible discovery 1 TCF 'in aggregate' of all the prospects combined. For these deep, large structures any success will most likely be of the ELH realm. Combined 'potential' of the first three is calculated at about 1.8 billion boe. These are all generated by Armstrong with many similar geological traits as ELH. Just trying to give a reference point for the companies involved. Not that it gives the success rates massive credibility, but Berkley is betting heavy on the GSJB plays with their sizeable interest. Cheers!

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