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

To: Fred C. Dobbs who wrote (5027)	9/20/1999 9:02:00 PM
From: Mr. Oil	Read Replies (2) \| Respond to of 15703

From the NR of today The Company remains confident the East Lost Hills discovery is a world class discovery both because of its size and location. The VSP conducted at Cal Canal was very encouraging. A discovery at Cal Canal will have a significant impact on the Company. If successful, two discoveries will have resulted from the drilling of two exploratory prospects with several additional prospects still to be drilled. Did you get the phrase about the VSP being very encouraging!? I think Mr Busby is saying we have it at Cal Canal but not in those words of course just in case. He thinks we have it by the sounds of it. The market seems to think it too. I hope he is right. My question to anyone here with some deeper understanding of this than I is that if Cal Canal comes in with the gas will this mean we have a contineous reservoir from Bellevue #1-17 R to Cal Canal a distance of what ever it is (I am not sure what). If this does indicate a continueous reservior can we estimate how big it is? Ray