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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: Bearcatbob who wrote (3021)	6/4/1999 9:25:00 AM
From: Poseidonas	Read Replies (2) of 15703

Article in today's Toronto Star: "L.A. gas find holds promise" There is no link on this one. It is on page E4 of business section. The interesting part of this article may help explain investor's reluctance to buy in at this point. It states: ""The flow rate didn't drop over that time (6 months), implying the pay zone is thick. This has the potential to be a very big discovery," said Ken Faircloth, an industry analyst in the Calgary office of Goepel McDermid. "But you have to remember that Canadian firms have gone after potentially large reservoirs in California several times in the past and most were duds"."

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