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 (2871)	5/30/1999 3:01:00 PM
From: Mr. Oil	Read Replies (2) of 15703

>>Forgetting all other assets, cash on hand, exploration interests, etc. and only looking at ELH, I use: HTP Prospect Working Interest of 11.425% compared to KOB's lesser interest of only 4.4625%.<< I think this must be balanced with the fact that KOB is about 1/2 the price fo HTP (well a little more than 1/2). So while the up side is higher approximately double the entry point is as well. The greater leverage would appear to be in the fact that HTP has other opportunities which are not available to KOB though I am not sure how this ranks with a comparison of assets and cash, which I know you said you didn't consider in this overview. Ray

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