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

To: grayhairs who wrote (5861)	10/18/1999 10:33:00 PM
From: ogod	Read Replies (1) \| Respond to of 15703

not sure about that gh, it seems that everybody s focus has switched to cc, since success at cc almost guarantees success at lucky dog i believe that no matter what the flow let s say between 10-20 the bulk of the jv s will sell off dramatically if cc comes up empty,the easy money will defect into trill and co, and the smart money will stay on the sidelines as it has so far until much more is known about elh1

To: grayhairs who wrote (5861)	10/19/1999 9:52:00 AM
From: Check	Read Replies (1) \| Respond to of 15703

Morning Grayhairs, <<But, we are now very, very close to a major bonfire over at ELH #1R !!! I hope that reason prevails when that well is tested because it will not be produced at the very high test rates which some people erroneously seem to believe are necessary to confirm ELH#1R as a mega discovery.>> I am sure the brokers and analysts visiting there today just in time for that "bonfire" will be aware of that. In fact, I think most of the regulars on this thread and over at SH know by now that the flow rates cannot be as spectacular as the initial blowout - due to nothing more than simple physical limitations. Speaking of bonfires and site visits, I think, unlike many a mining expedition which often turns out to be little more than an all-expenses-paid junket for the participants, where nothing of practical value can be seen or gleaned through one's physical presence, site visits in this case are a valuable thing. Speaking from personal experience, it took me about 2 nanaseconds at the site of the blowout to be fully convinced that this is not another Bre-X or some Hollywood production. And while I did spend several days touring the area's producing fields to get the full measure of the vastness of this hydrocarbon productive area, I think a couple of hours of driving through the fields immediately adjacent to "our" lands will give anybody unfamiliar with the place an excellent idea of the areal extend and the huge potential of "our" deep play. (Please note that with this last statement, I'm limiting my comments to ELH and the GSJBJV only.) Have a great day!