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

To: Bearcatbob who wrote (15588)	4/30/2002 7:14:42 PM
From: F9driver	Read Replies (1) \| Respond to of 15703

From OXY re Elk Hills well test: biz.yahoo.com "Today, I'm announcing the successful testing of our first deep gas well in California. Last week the 18,000 foot deep Thunderball well, which was drilled on property adjacent to Elk Hills, achieved a flow rate of 14 million cubic feet per day with a choke of 18/64th inch at a flowing tubing pressure of approximately 9,000 pounds per square inch. The well has been shut in and development plans are moving forward to bring the well on production. Occidental has a 100 percent working interest in the well."

To: Bearcatbob who wrote (15588)	5/3/2002 2:38:58 PM
From: MIRU	Read Replies (2) \| Respond to of 15703

Hi Bearcat - The Oxy well is nice but other than making ELH operator's completion techniques look incompetent, has no implications for us. The AERA well though would help PYR's Wedge prospect. #4 and #9 have apparently set pipe and are ready to test as soon as agreement can be reached over what changes should be made to adjust for the junior's unpaid bills. May 31 has nothing to do with it, though may appear to. PYR has the money, so should be able to maintain their current interest. The controversy over netting out #1 revenue vs money owed should be settled soon. Alternate SWD site is about finalized. If #4 and #9 have excellent, trouble-free high volume test results, everything will be fine. If.