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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 (4345)	8/30/1999 8:06:00 AM
From: Check	Respond to of 15703

Morning Bob, here's some novocaine from the WML quarterly, released on Friday. EAST LOST HILLS AND THE SAN JOAQUIN BASIN, CALIFORNIA Westminster participated with a 10.13 percent capital interest in the drilling of the Bellevue #1-17R replacement well at East Lost Hills which has reached total depth of 17,428 feet after drilling approximately 180 feet into the targeted Temblor formation. The well has been successfully logged and will be cased as a potential gas well. Completion operations will commence as soon as possible. Westminster has a 9.17 percent earned interest before payout in the well. The Berkley East Lost Hills #1 well, located two miles north of the Bellevue 1-17R well, was spudded on August 26, 1999 and is estimated to take 150 days to drill to total depth. Ten miles south of East Lost Hills, Westminster has a 6.75 percent earned interest in the Berkley et al Cal Canal #1 well. The well spudded on June 16, 1999 and is currently drilling with an estimated 120 day drilling schedule. Westminster will participate in the drilling of two additional exploration wells in the San Joaquin Basin, Lucky Dog (6.3 percent earned interest), and Pyramid (6.75 percent earned interest). A three rig drilling program is contemplated throughout 2000. ----------------------------------------------------------- About the rig sizes, BTW. As I understand it and as they looked to me, the Bellevue and the CC rigs are the same. The BKP "monster" itself is not that much bigger physically, but the platform is. It is also much bigger in the lifting and horse power departments, like a thousand head bigger. And yep, it's more expensive to run - 3,000 horses, that's a lot of oats. They bring it to them in big tanker trucks. CIO and have a great day.

To: Bearcatbob who wrote (4345)	8/30/1999 11:38:00 AM
From: STLMD	Respond to of 15703

Bob...I'm not sure what we'll be numbing but if you need it it's yours.ggg.... As to ELH, everyone needs to turn to PYRX, holding its own under this recent lull in the Canadian JVs, and quietly under accumulation these past two weeks. As news hits I expect this one to take off, not only on PYR's interests in the ventures, but also on the only US exposure in the play, as we all know US investors tend to be rather patriotic and chauvenistic(sp?) regarding their investment radius(excluding overseas mutual funds, of course)....Stephen