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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 (3726)	7/28/1999 4:45:00 PM
From: grayhairs	Respond to of 15703

LOL !! (eom)

To: STLMD who wrote (3726)	7/28/1999 4:58:00 PM
From: Salt'n'Peppa	Respond to of 15703

Slightly OT Stephen, you may well be correct with respect to market pricing of WML. Such matters are still a little above my head, but I'm learning. Upon reading the WML 1Q report of May 31st 1999, they appear to have reduced their long-term debt to $35.4MM from $36.75MM on May 31st 1998. During the same period, WML's property value has increased by $22.2MM. Gas prices for May 98 & 99 were very similar. Somehow, they have drifted from $7 a year ago to the current $4. I'm trying to put this in perspective here. WML produces 2800 boe/day and has $35MM debt. HTP produces 1000 boe/day and has $15MM debt. Okay, I guess these two companies are correctly priced, relative to one another. Westminster's 2Q report should come out in the second week of September, which will be impeccable timing, IMHO. Have a good day. S&P