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

To: ogod who wrote (4848)	9/15/1999 8:27:00 PM
From: F9driver	Read Replies (1) \| Respond to of 15703

OGOD Somebody paid over 3.65 today. I picked up a little more myself. Inre valuation.....the Sept 2 Impact Analysis projects a price of around $10Cdn for HTP if 1.5 TCF is discovered in ELH. Some of you have an itchy trigger finger! Trade it at your own risk!

To: ogod who wrote (4848)	9/15/1999 9:47:00 PM
From: grayhairs	Read Replies (2) \| Respond to of 15703

Hi ogod, I think there is very little chance that the ELH #1R well will be produced at a sustained rate greater than 20-25 MMCF/d until the JV knows exactly where the water which was produced during the blowout was coming from. Having said that, do NOT be surprised if during the production test they actually do produce the well at a rate of 40-50 MMCF/d for a short test period of say 4 hours. And, after the test you can expect to read a news release from one or more of the juniors stating that the well has an AOF quite a bit in excess of 100 MMCF/d, but do recognize that AOF's are relatively meaningless (except in the event of an uncontrolled blowout, of course!!). Best regards, grayhairs

To: ogod who wrote (4848)	9/15/1999 11:01:00 PM
From: Bearcatbob	Respond to of 15703

OG, No offense, but the key is CC. ELH will be restricted no matter what. If CC comes in the total reserves will be huge. These shares will never trade on production. They will trade on reserves and then disappear. If CC comes in it not only adds another resource pool but confirms the probability of other discoveries. So overvalued - undervalued. Neither - simply at some equilibrium waiting for results. However, it sure is nice to know that there is ELH in the background for a fall back. Bob