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

To: grayhairs who wrote (3198)	7/4/1999 7:42:00 PM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 15703

Thanks again Grayhairs! "Therefore, while it would take several years to define a 16 TCF reserve with say a 99.9% confidence level such a gas reserve could be established with say a 75-80% certainty in as little as 12 months if development drilling is aggressive." How much would that work cost? Would KOB have to pay for it's share of the work to maintain it's share in the profits? "So, a price change will occur and that change will be very quick and it will be substantial. " I'll be the first to congratulate you and the gang on your profits! I'm sure Mrs. Grayhairs will also be pleased!!! "It is of course just my opinion, but I do not think that you will be needing that truck (Pennies and KOB are no longer synonymous). " The fun part of life is YOU JUST NEVER KNOW. When you think you have a sure thing, be prepared to be surprised. If no surprise, fine......if it comes along, maybe I'll swing the bat a few times and see what I can hit. As always, thanks a bunch!!!! THC