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

To: Fred Fannakapan who wrote (6021)	10/24/1999 11:58:00 PM
From: Check	Respond to of 15703

Morning Fred, your summary is quite good. I was actually out doing some research today when I got it and because I don't type nearly as fast as you do and I didn't want to tie up my friends' computer, I decided to save my comments for later. Well, now that the flare has burst through the clouds, it seems like you'll have a few hours of reading to do by the time you wake up and most of your answerable questions will be answered. So just a few quick comments: Bellevue #1-R I would expect a NR fairly soon, confirming the happenings and to cut down on the speculation. I don't expect any serious numbers for quite a while yet. BKP #1 Now this is where the serious numbers will come from and the way it's going, tickles me pink. If those guys don't take it easy, we could be into the reservoir in a month from now! Wow! (That of course depends on my calculations being correct, nothing going wrong as it usually does, etc.,etc.....) CC <<Verdict: looking good so far, but time and patience needed yet. We may have 4-6 weeks to go but if they hit a good sand in the next few days I think we will soon hear about it.>> Another few days?? That will kill me! What's wrong with tomorrow, could use the same NR. <gg> <<What happens next?? ...As far as the stocks go I feel that good news from ELH will result in a modest rise - particularly in KOB. News from CC will probably take a little longer to be reflected in the prices, but what we really need is a double or treble dose of good news, that will bring in the big money waiting on the wings.>> Well, if XEN is any indication (up 52% at the moment on 385m shares), KOB should have a very nice day. I certainly hope so. I also believe that positive news from CC will have a very immediate and positive effect on share prices. A confirmation of a reservoir at CC - (never mind how long it will take to find out how big it is) - will immediately confirm to all the 'money waiting on the wings' that "our guys" theories were RIGHT!!! Sure, there will always be some conservative money left on the wings waiting for concrete numbers and actual production, but a lot of pretty big money will have to decide pretty quickly whether it wants to be in this thing from the ground floor (well, make it the first) or not. So I would expect a pretty quick and dramatic 'reflection' of this in the stock prices. Now I'm going to bed. Have a great day!