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

To: Poseidonas who wrote (4252)8/24/1999 10:37:00 AM
From: Salt'n'Peppa  Read Replies (1) | Respond to of 15703
 
Pose, the last I heard on Cal Canal was yesterday morning, when they were at 13,300', still 1,100' above the Temblor. They are seeing a lot more chert than they did at ELH, in the MacDonald shale, so drilling is slower. They are probably about 10 days from casing point, and 17 days from drilling into the Temblor.

Regards,
S&P



To: Poseidonas who wrote (4252)8/24/1999 10:42:00 AM
From: Salt'n'Peppa  Respond to of 15703
 
Natural gas prices are through the roof, and in the summertime!!!

Nymex September contract (it must close any day now) is at $3.03.
The December contract is at $3.30.
In my books, that gives us at least $1.75/mcf USD in the ground at ELH.

Thankyou "La Nina".
S&P


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