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

To: STLMD who wrote (3240)	7/5/1999 1:01:00 PM
From: johnlag	Respond to of 15703

<<So as I see it, these companies are potentially worth more than their NAV>> You're on the right track, Stephen!

To: STLMD who wrote (3240)	7/5/1999 1:04:00 PM
From: Salt'n'Peppa	Read Replies (2) \| Respond to of 15703

Stephen, this is an excellent idea. You are right in that once we have earnings, these babies should really grow quickly. I assume that your drilling estimates are just for ELH. You are not taking into account the potential for dry holes (a distinct possibility). I believe that the working interests are 11.4% for HTP and 10.5% for PYRX. HTP has 29 million shares F/D and KOB has 23 million F/D. I have no clue as to the potential production of the first well, but I would hazard a guess at 30MMcf/day, based on experience with the blowout. Regardless, the numbers will be orders of magnitude higher than even today's rising prices. I think your $3.00USD/mcf will be close by late this year, based on what I am reading. I look forward to seeing your spreadsheet. Thanks. S&P