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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 (13061)	12/5/2000 5:54:38 PM
From: koan	Read Replies (1) \| Respond to of 15703

grayhairs with all due respect, I disagree with your post 13068 "40mmcf produced in 2000 would be worth less than 20mmcf in 2000 and 20mmcf in 2001" -or something to that effect. While your statement is factually correct, in hindsight, I think nostarch is correct in actual company policy in that the present value of money is worth much more than future value; and I think companies would produce each well at optimium production (i.e. protection of the well and field, etc)whatever that might be; and not pay much if any attention to trying to figure out what future prices might be and planning production accordingly. If I have misunderstood your answer or if you think this is wrong, I welcome your correction.