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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 (3669)	7/27/1999 12:15:00 PM
From: Check	Read Replies (2) \| Respond to of 15703

Hi Grayhairs, <<Maybe EJ guys can comment, or perhaps Check knows ??????????>> Check don't know but guess max. 10 % on fully diluted basis. Ball over to EJ: how many TMK shares does HTP have beyond the 1.16 MM announced in connection with the ELH swap? ...<<I see tremendous upside potential for TMK but also understand that unless one of the prospects in GSJBJV hits, I'll be lucky to recover my cost basis from their minor current assets (including a good size discovery at ELH where they have only 1.0% APO).>> My abacus says 'my' TMK at current prices (around $1.38) is already discounting a better part of a 2 TCF find at ELH. Now, should they find as much in the GSJBJV, the stock bolts into first place ahead of HTP in terms of the combined upside potential. So I stick to my triumvirate: KOB for ELH, TMK for GSJBJV, HTP for the best combo. Have a good one.

To: grayhairs who wrote (3669)	7/27/1999 6:01:00 PM
From: Steelguy	Read Replies (2) \| Respond to of 15703

grayhairs wrote: >>>>> I offer my personal opinion that it probably is a very marginally lower risk but only because of the nature of the trap (a conventional anticline versus the more complex fold at ELH). There remains a very high risk that porosity and permeability may not have been preserved in this more simple structure. And, the presence of hydrocarbons is also still a huge question mark. <<<<<< ya know....it is posts like this one that make it so blatently obvious that what I know about the oil and gas industry is worth a " steaming bowl of jacksquat. " thanks for the humbling realization grayhairs. :o) sg

To: grayhairs who wrote (3669)	9/5/1999 4:06:00 PM
From: Dave E.	Read Replies (3) \| Respond to of 15703

Hi Grayhairs, Once again you hit the nail on the head with your 10% estimate of HTP's holding in TMK on your July 27 message. Got the oil book & am studying hard for the exam. It doesn't say anything about the roller-coaster oil stock-price ride though - that seems to be the more relevant concern right now! Re: your timely status report - it makes it even more difficult to understand the price rises of the past week. Is it US$ coming in - as one rumour put it - or is it classic P&D tactics? Comments anyone? Dave E