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

To: Wally B who wrote (3417)	7/8/1999 10:30:00 PM
From: Bearcatbob	Respond to of 15703

Wally, I will tell you what I know. I recommend you call the company to make sure you get the straight "skinny" on it. My understanding is that this is a high potential oil well. It is a 50/50 venture with Shell. Others in the area have flowed over a thousand bbl per day - of course no gurantees on this one. The well was essentially done before spring break up but they had to fish the hole and were delayed in completion testing. Now they have flow tested the well and have placed instrumentation in the hole to monitor pressure build up. Somewhere around next Monday that should be complete. My interest in WML was stirred by the fact that I had all the PYR my risk tolerance could take. I wanted something with some fall back production. Then I saw that WML was going to sell some existing production to pay for ELH. What more do you need to know - they and others are truly putting their money where their mouths are. I then talked to the company and found them straight forward with their answers. Only time will tell. We shall see. Bob