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

To: maxed who wrote (5529)	10/8/1999 10:53:00 AM
From: grayhairs	Read Replies (2) \| Respond to of 15703

Hi Eddy, The drilling contractor for ELH#1, ELH#1R, BKP#1 and CC#1 was\is Nabors Drilling. With three large deep rigs in the area and an aggressive multiwell program just starting (we are CERTAIN to hear more about those plans in the next few days) these rigs will indeed generate big $$ for Nabors for the next couple of years. What you may not know is that in addition to the public companies which are the normal topic of discussion on this thread, there are a number of private companies also involved in ELH. One such company is "Ceniarth" and it holds a 5.00% interest APO in ELH (but not in Cal Canal or the rest of the GSJBJV). Ceniarth is owned by .... You guessed it !!! While I do not mean to understate the size of the Nabors invoices from these drilling operations, it is my belief that Ceniarth's future ELH revenue cheques will exceed the Nabors drilling services revenues from this JV !!! JMHOBWDIK. I do not know what other service companies are involved in these wells. But, as you know, there will be many !! Have a great day. Later, grayhairs