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

To: Rocket Red who wrote (3658)	7/27/1999 1:19:00 AM
From: Check	Read Replies (1) \| Respond to of 15703

Hi Red, <<" Just ask yourself what Would cause then to set the Casing 500'higher in this WELL">> Maybe the reservoir 's got a bump in it??? <<PS Whats the Leverage for Tmk as I most likely will be buying Tomorrow.>> The leverage for Tmk on the GSJB joint venture is great - if they don't dilute the chit out of it. Cheers CIO

To: Rocket Red who wrote (3658)	7/27/1999 3:09:00 AM
From: grayhairs	Respond to of 15703

I did go to sleep, RR. But, fortunately (IMOO) I woke up again, same as the night before !! Well, the leverage of TMK in ELH is actually pretty crappy for a small discovery. IMHO, the stock is already overpriced for a 1 TCF ELH discovery. But, they have great leverage in Cal Canal and the other GSJBJV high risk wildcat exploration plays. And, they will need to raise more $$ pretty quick so that means dilution. Hopefully, they raise funds via a rights offering (practically as quick as PP's and much more palatable provided substantially all shareholders at least have the choice of participating in their own dilution). Well, I guess its still safe to nap again as there'll be no "testing" at ELH nor at Cal Canal for at least 4 weeks yet. Yawn !! ZZZZZzzzzz !! Later, grayhairs