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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 (15469)	1/31/2002 9:08:36 PM
From: Check	Respond to of 15703

OK, how's this for style? <<The ELH #1 (formerly referred to as BKP #1) began production from the Phacoides sands in February 2001 and, although production rates did exceed 13 million cubic feet per day at one point in the early stages, there has since been a marked decline. Recent production has been at approximately 15% of the 12 million cubic feet per day that we are told the well is quite capable of maintaining, subject to being linked to proper water disposal facilities. Previous reports have stated that plans are in place, and the necessary approval applications have been lodged, to enable the construction of water disposal facilities that can be connected to the ELH #1 production well and other wells (ELH #4 sidetrack and ELH #9) as and when they prove successful. It appears to be an inordinately slow process and, as an observer with an indirect interest in the project we find it difficult to understand why the development of the water disposal facilities does not appear to be a first priority.>> stockhouse.com