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

To: grayhairs who wrote (12992)	12/2/2000 11:48:15 AM
From: Enigma	Read Replies (1) \| Respond to of 15703

Hello Greyhairs: Do you know if the j/v has acreage tied up on the West Flank and if so how much? Maps? d

To: grayhairs who wrote (12992)	12/2/2000 12:25:35 PM
From: MIRU	Read Replies (2) \| Respond to of 15703

Dear GH The news on possible production rate in #2 is very encouraging, if they can do it, because a faster rate increases the current value of the same reserves. My "back of the napkin" figuring values PYR, for example as low as $13 or as high as $40 depending on production rate, but with the same reserves. (very, very rough estimates no doubt) On another positive note, it looks like standard practice to convert gas to oil at a 10 to 1 ratio. But things have changed and may even stay pretty much like we currently see. If so, a company with a 50-50 oil/gas reserve breakdown would be revalued upwards by 50%, using the same napkin. Also sincere thanks for your expert help in understanding this play. The "tuition" has been enough for several PhDs. Maybe we will get "reimbursed" and then some - quite welcome after all the frustration - I think we deserve it!

To: grayhairs who wrote (12992)	12/2/2000 1:41:47 PM
From: brian krause	Read Replies (1) \| Respond to of 15703

Could someone please let me know what % of ELH Hilton now holds? Thanks bk

To: grayhairs who wrote (12992)	12/3/2000 1:50:48 AM
From: russet	Read Replies (1) \| Respond to of 15703

<<<Just a triple ??? Come on now !! Do you really think there'd be many takers for that modest inducement at this stage of the development ?? <ggg>>>> Mr. grayhairs,... Everytime I think I have this thing figured out,...you come along and tell me I'm thinking too small. This is part and parcel of being a squished hamster,...too much of this big thinking and I swell up and burst. Still celebrating all that gas in Californi,...lots of gas here too. Costing me lots in diapers (gggggggggggggg), but I can afford them now, and the gas to heat the cage to 80F all weekend,...its not the money, it's how you celebrate owning it :-))) When do I get to move to the B. Hills and claim the big house with the ce-ment pond? Just call me Mr. Jed Hamster,...for the weekend at least (ggggggggggggggggg).