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


To: Bearcatbob who wrote (4235)8/24/1999 9:06:00 AM
From: Stocker  Read Replies (1) | Respond to of 15703
 
From well logging the porosity appears to be greater than originally anticipated. The data from the blowout at the Bellevue No. 1 well, taken in conjunction with the current information from the Bellevue No. 1-17R suggests the possibility that the drainage volume may be substantially larger than the vertical penetration of the Temblor formation to date.

Sounds great to me. I do agree with Kerm on risk though. I think that any share weakness over the coming weeks may provide a good entry point to those who are looking for more exposure to ELH. This whole play is not a one shot deal. You just have to expect some wide swings and use them to your advantage, that's all.

PS - thanks to all who have contributed here. I've learned a lot as an observer over the last 4-5 months.