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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 (10224)	4/11/2000 8:47:00 PM
From: Rocket Red	Respond to of 15703

Me Thinks Peters& Company Knows What BKP#1 will do and have very good info. Watch what happens tomorrow.UP ELH STOCKS Cheers

To: Check who wrote (10224)	4/11/2000 8:48:00 PM
From: VoteGreen	Respond to of 15703

AMOUNT OF SAND ... NET PAY ... Hello Check, Grayhairs quotes Mr. Busby saying on January 24th that he "estimated that at least 25% of the sand would convert to net sand following log analysis." [post 9219] That quote was made when mud weight was 16.3. As I presume this figure (greater than 25%) was bounced about with the engineers and consultants within the jv partners I presume that we can expect 350 feet of pay. Although with the 17 pounds per gallon, I presume we have higher than expected pressure, which I hope might translate into more net pay. I am waiting for someone more qualified to give us better guidance. Regards, VoteGreen

To: Check who wrote (10224)	4/11/2000 8:49:00 PM
From: slippery_slope	Respond to of 15703

Thank God there was no mention of significant gas.

To: Check who wrote (10224)	4/11/2000 8:57:00 PM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 15703

Check, I am hearing some whispers from several sources that are all fairly close. I feel that there must be some truth to them, since they are coming from different sources. ~85 feet of net pay already behind pipe ~350 feet of net pay in the Bloemer/Phacoides Somewhere around 7-9% porosity. Lots of fracturing. 17,000 psi 350F bottomhole temperature. My volumetrics calculation, based on 10 square miles (my own assumption, others will vary), puts us between 2-3 TCF. Remember that this is an "inverted bowl" and the deeper you go, the broader the aerial extent. This obviously is based on second hand numbers (I haven't had the privilege of seeing the logs), but I was fairly conservative in the numbers I used. Nobody should buy or sell based on the above. This reserve estimate is my own calculation, based on the information that I have, and is only for fun and comparison with others' estimates. It is not endorsed by the JV, and is a "guesstimation" of mine, but I honestly think that it is conservative. How do your numbers measure up Check? I found out that the flare permit was applied for some time ago, so we won't be waiting on that for 28 days. I am hoping that casing goes well and they can begin the flow test in a couple of weeks. In the meantime, further speculation should drive these stocks higher, since they are still valued at little over 0.5 TCF (with the exception of TMK and PYR). It looks like we may finally have a winner and prove ELH to the rest of the world. Yaahhooooooo! S&P