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

To: Sylvia Dupuis who wrote (4070)	8/18/1999 10:27:00 AM
From: Andrew	Read Replies (1) \| Respond to of 15703

Hi Sylvia. These stocks are no Brainers at this point. I mean the gas is there, big time. I loaded up months ago on HTP and KOB with this same belief in mind. Its just a matter of time. The boys on the rig are doing their job and as we wait patiently the stock prices will gyrate. I for one am not going to trade any of mine because I dont want to miss the big move. That report is rather exciting isnt it? Andy

To: Sylvia Dupuis who wrote (4070)	8/18/1999 10:56:00 AM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 15703

Sylvia, I think that you are reading the report correctly. There is still the 100% realistic potential in the ELH mapped structure for up to 16TCF gas. This has been stated by the JV oil companies and is recognized by industry analysts. Alan Knowles is using a maximum of 10TCF in that report. According to my own personal calculations (which have been derived with the help of some accounting minded buddies), 16 TCF would give HTP a per share value of $128 BPO (payout is defined as that point in time when the cost of drilling the first exploration well in ALL FOUR properties is recovered, which will likely be a year or more from now). I think Westminster worked out at $75. Alan Knowles at Research Capital is using slightly different parameters, but comes up with an HTP estimate of $155 APO for an upper potential in all four properties combined. He is using $1.00USD/mcf in the ground value and I am using $1.25USD. Regardless of the minor parameter changes, the potential is staggering. We are talking Amazon.com here, but we don't sell books! Regards, S&P