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

To: VoteGreen who wrote (14113)	2/10/2001 1:30:28 PM
From: dad	Read Replies (2) \| Respond to of 15703

{ there were gas kicks at BKP #3 last week} Sorry I'm so long in replying VoteGreen. Somehow I missed the above post. Also want to thank you, for the kind words. It sure is fun being associated with so many people taking the time to explain and share what they can, with others. Sure as helll beats listening to your broker say things like "I wouldn't recommend this at this time" or "our analyst did an in depth analysis and feels these shares are presently over valued". The internet IS, in my opinion, going to be the wave of investment information that makes broker analysts "officially" obsolete over the next few years. Some of us have that feeling already. lol The info below is for clarification purposes only and was explained to me by a geologist friend. ''A "kick", by definition, occurs when fluid down below forces the drilling mud back up the pipe, even as it is being pumped down. A kick is seen at the surface by the driller first, as his mud volume indicator shows a growing net gain, and an alarm goes off. Such an occurrence has not yet been reported in BKP #3.'' He also went on to tell me- ''Nit-picky, I know, but if one is going to use industry jargon, one had better use the correct jargon!'' LOL What is REALLY IMPORTANT, IMHO, is what the gas shows mean, so I went searching for answers and came up with this, courtesy of a ''fishing buddy'': These gas shows are extremely meaningful. They have all occurred in shales, and represent gas-charged fractures. Because they occurred in shales, they indicate that BKP #3 is likely drilling VERY CLOSE to a gas charged formation. Sand? We hope so. Porous sand would be nice. Highly 10% or greater porousity would be incredible. But at this point things are starting to look more and more exciting at BKP#3. JMHO and invite comments or corrections. Cheers, draderd