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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Dave E. who wrote (3076)	6/16/1999 10:05:00 AM
From: Check	Read Replies (1) \| Respond to of 15703

<<...the drilling has started with 26" pipe...>> Are you sure about that? That's even bigger than what I had. Tunnelling into the monster, are they? <<BTW did you note the following recalculation of option prices by HTP? >> My recalculation shows the treasury $ 539,000 short as a result of it. Better do another Gipsy swap, boys, to make up for the shortfall. <ggrrr>

To: Dave E. who wrote (3076)	6/16/1999 12:43:00 PM
From: grayhairs	Respond to of 15703

Hi Dave, <<...the drilling has started with 26" pipe,....>> That would be their conductor pipe and it only extends to a shallow depth. Their main casing string will likely still be 9-5/8" (but possibly not just a standard wall thickness.) I don't know what their drilling and casing design is but these are "details" that I'll leave it to more competent individuals than myself. Yes, I did see the re-write of the options and to say the very least I'm most disappointed with management over it. I had hoped that they would show a little class here but obviously I was wrong. The greedy pri_ks !! Sure wish I could also "rewite" my cost basis on some of their stock with the stroke of a pen !!! Later, grayhairs