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 (2603)	5/19/1999 10:48:00 PM
From: okey	Read Replies (2) of 15703

They didn't pay anything to drill ELH, they were carried for their work developing the play. Something you may not know, Armstrong assigned their 17.5% ELH interest to the Berkley led group in the negotiations on developing the GSJB JV. Armstrong obviously thought positive enough about the GSJB to give up their piece, for now, in order to get the development of the GSJB on the move.

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