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


To: patt who wrote (12945)11/30/2000 3:58:28 PM
From: Brumell  Read Replies (1) | Respond to of 15703
 
You can bet your bippy they'll have to raise money and bigtime. Trying to figure out how much is the big question. Grayhairs post re: BKP#2 helps with timing but many questions remain such as:
1. number of planned wells
2. production levels from BKP#1, #2, etc.
3. NG prices.

A wild ballpark figure indicates $100 million Cdn. could be required for new wells and infrastructure. It could be more. Others may have better figures. I'd like to hear them.

Bob



To: patt who wrote (12945)11/30/2000 4:43:39 PM
From: Bearcatbob  Read Replies (2) | Respond to of 15703
 
patt, If one and two look good the baby players, in my opinion, will not be around long enough to worry about raising money!

Bob