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

To: Steelguy who wrote (3606)	7/21/1999 11:38:00 PM
From: Check	Read Replies (1) \| Respond to of 15703

Hi SG, <<..I am not certain how much risk there is here in the play. What I mean is.....what are the scenarios here???....is it possible that we have squat ? Is it possible that we have just a little more than squat but squat just the same???>> The risk of having squat is 0(zero). If we end up with squat, it will be because the squat was too hot and explosive to handle. That is the only risk I see. <<Was the water coming out of the first blowout well a disaster as some felt???>> As you said, you and I both got creamed on this one. But apart from our personal disaster, I have yet to meet a person who knows anything about these things that would tell me the water was abnormal. <<....if there is really no risk here...this stock should not be where it is.....>> This stock (of which I own a lot of) is practically worthless without the ELH. AT $1.70, KOB is discounting some 700+ BCF of gas. Hell, we could find that much per section. And there are a lot of sections to tap!!! At this stage of the game, nobody knows how many will be good. My fear is not tapping them, but I get jumpy at corks popping. All in all, you're right:<<it will be fun and we have just begun.>> CIO