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

To: robert landy who wrote (181)	11/26/1998 7:44:00 AM
From: Bearcatbob	Respond to of 15703

Robert, What to do, what to do, what to do, what to do. The potential for this play appears to me to be awesome. The price action to me is muted. Once we see a clear path to closure we will, I think see the prices move. Just think about how much of our money has already burned up. Bob

To: robert landy who wrote (181)	11/26/1998 1:16:00 PM
From: Salt'n'Peppa	Read Replies (2) \| Respond to of 15703

Robert, There have been several estimates on the volume of gas burning at the surface. Initial estimates on Monday, right after the blow-out were at 80 million cubic feet/day. The blaze increased to an estimated 100 million cubic feet/day by Tuesday morning and the latest estimate provided by the experts on location is in the neighbourhood of 400 million cubic feet/day. Bearing in mind that this is coming from just 17 feet of open hole below the casing, and that it was steadily building as things "cleaned up" down-hole, one can surmise that this is probably the largest gas discovery ever made. Speculation is easy, but educated estimates of potentially 20-50 trillion cubic feet have already been proposed. This is VERY BIG. Good luck to Boots and Coots.