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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 (3787)	7/31/1999 10:18:00 PM
From: Bearcatbob	Respond to of 15703

Yo Rocket, If all goes well next week I understand we will be drilling again towards the formation. I expect we shall see excitement. I hope all the Canadians get a good rest ahead of the excitement. I think we should have a holiday on the first Monday of August as well. That would make three for the summer - about right. Bob

To: Rocket Red who wrote (3787)	7/31/1999 11:30:00 PM
From: grayhairs	Read Replies (2) \| Respond to of 15703

Rocket, KOB's interest is 4.4625% AFTER PAYOUT (It is larger before payout.) The market is not yet pricing ELH participants for anything close to the probable MONSTER size of ELH !! KOB current share price reflects an ELH reserve of only about 500 BCF whereas TMK shares pricing already reflects about 1.2 TCF. TMK will definitely NOT outperform KOB on the strength of only ELH because TMK has a much smaller interest, only 1.0% APO. (TMK could however outperform KOB if one of the other GSJBJV prospects happens to hit bigtime.) But, TMK will soon have to issue another boatload of shares so it won't be very long until TMK also has 20MM F\D. BTW Rocket, what happened ?? A couple of weeks ago you were telling this thread that we would know the ELH and Cal Canal reserve numbers by now !!! Well, they still haven't run those "tests" and like I told you before, don't you be holding your breath for those "tests". LOL !!