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

To: Check who wrote (5968)	10/22/1999 9:09:00 AM
From: Taff	Read Replies (3) \| Respond to of 15703

NR by SH >>> East Lost Hills Update stockhouse.com The word on the street about the Cal Canal well being operated by Berkley Petroleum [T.BKP] is that they are preparing to flare the well on Friday the 22nd of October. We are surmising that the extreme pressures that are possibly being encountered is making continued drilling run the risk of a blow-out, similar to the spectacular one experienced at the Bellevue well. An impressive light show would certainly help fire up the market in the shares of the participating companies, while of course a "duster", or dry hole could create some white-knuckle moments for hopeful speculators. It won 't be necessary to read the BullBoards to see how it's going in the next couple of days, the action on the tape for Hilton Petroleum [V.HTP] will tell the story. Meanwhile, it seems that Tri-Valley Corp. operators of the EKHO Project (a peripheral play that has numerous VSE listed participants) are being quite tight lipped about a potential spud date for that well (to "spud" a well means to commence drilling) and this has helped through water on any kind of speculative momentum for this satellite play.