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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 (4018)	8/16/1999 9:54:00 PM
From: Salt'n'Peppa	Read Replies (2) \| Respond to of 15703

Red, my trusty source indicated a 100' flare and 20MMcf/day, which is very close to what you have heard. Bob Christie reported a 50' flare. It really doesn't matter, since it is a controlled flare and we have no way of knowing just how much they turned the valve. Robert, the same trusty source indicated to me that the uppermost layer was about 200 feet thick. The Reuters report is indicating 65 feet of payzone, which is an entirely different beast. I would like to point out that nobody can say with conviction just how much "payzone" we have. They need to run wireline logs over the interval to determine porosities, permeabilities, clay constituents, fluid types and many other parameters, before adding up all the individual 1 foot intervals of sand that qualify as "ney pay". What they are probably referring to is the total footage that drilled very quickly, which usually indicates good porosity. What nobody can tell at this stage is what fluid is in that porosity. I hope as much as anyone that it is all gas, but we cannot tell yet. Respectfully, S&P