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

To: Salt'n'Peppa who wrote (10097)	4/6/2000 9:32:00 PM
From: grayhairs	Read Replies (3) \| Respond to of 15703

Hi Salty. <<Nymex May Natural Gas closed at a new all-time high today.>> WOW, and it isn't even hurricane season yet !! I can hardly wait till May - June when gas purchasers all start watching the weather channel again !!! As you may know, California gas does receive a "location premium" of roughly $0.20/mcf compared to the NYMEX futures. In addition, because the ELH gas is liquid (i.e. BTU) rich, it will also realize an approximate 20% "heat content premium". In other words, today the JV could probably have entered into a 31 day contract for May delivery at roughly $3.75-$3.80/mcf. Damn, if only they had some sales gas !! <gg> Later, grayhairs