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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: grayhairs who wrote (2847)5/29/1999 7:15:00 AM
From: Dave E.  Read Replies (1) of 15703
 
Grayhairs,
What is your take on the drilling time for 1-R to the Temblor in view of:
1) They know a lot more about the formation now
2) There seems to be no likelihood of abandoning 1-R altogether
3) They don't have to hit the target as tightly as the relief effort (still amazed how that was done!)

I had thought there would be a run-up in the stocks next week and then a slippage as no news but am starting to think we may not see much given that two other holes will spud by July. However if there is a pop like last November it would be awfully tempting to take some $$ (<<50%) off the table at say $5 for HTP.

The Cal Canal hole should spud in 1-2 wks as there is activity at the site. Have you got a fix on when ELH #2 will spud - seems they are still waiting for the special hi-pressure pipe?

I too find it a bit difficult to see how someone at the site knows what will happen in the market, especially since we do have a pretty good idea of what is happening.

Although this is my first try at a gas play, this does appear to be an extraordinary opportunity which has not yet been recognized at all outside the ELH club.

(Is Viagra available in liquid form? If so you can tell the Mrs you'll be able to bathe in it soon! Hmmm - I'll have to think about modifying the shower :-))

Have a good week-end.

Dave
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