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 (2882)	5/30/1999 10:04:00 PM
From: Mr. Oil	Read Replies (1) of 15703

I have to agree with you Rick. HTP which owns 11.425% of ELH and which sells last Friday for $2.11 should appreciate significantly more on a percentage basis than say WML which has 7.125% net interest in ELH and a share price of more than double of HTP at $4.55. If one is concerned about the risk factor of HTP certainly WML is trading closer to it's 52 week low than HTP but the bottom is not likely where these stocks are headed right now. I might have thought otherwise if they didn't plug the dragons nostril but now that is done I suspect it is upward we go. I know I shall want more for my HTP now than on Friday...but alas I won't be selling Monday unless we open at $5.00. Insidentally, who are the drill riggers who will be sitting on the rig as she penetrates the temblor zone for the 2nd time? They must need to be comfortable with their prospects of eternity given the rush the last guys got! I guess there will be few more eyes watching the gauges and monitoring the procedures closely as they get to 16,000 ft. I have only three bits of advice I can offer them. 1. GUYS please be careful!!!!!! 2. Please be very careful!!!!!! and 3. if you forget to be careful please refer to 1. and 2. In light of the risks I would say we will not see anything being accomplished ahead of schedule in the next little while. There will be almost as much pressure above the ground as below. Pressure to get it/do it right this time! May the Lord be with them! Ray

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