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

To: Kerm Yerman who wrote (275)	12/1/1998 10:07:00 AM
From: johnlag	Read Replies (1) \| Respond to of 15703

Just got back from the site. What an experience! Very busy as I type this, I will give a better report today of the situation. But, there's little question this is the largest blowout in California ever. That 10 mmcf/d flow rate would be about 10% of the amount she's flowing. You would have to see it to believe it. I took multiple pictures, as well as digital ones and will get those up on a web page hopefully this week.

To: Kerm Yerman who wrote (275)	12/2/1998 4:22:00 PM
From: Salt'n'Peppa	Respond to of 15703

Kerm, You are the voice of reason in a sea of optimism. Keep us grounded. I suspect that Elk Point and the other partners do have a very crude idea of the size of this thing. They know the minimum pressures required to push past the BOPs (blow out preventers) beneath the rig in the first place, and can tell from the lack of any reduction in the size of the flame that this pressure has been maintained for ten days now!!! The largest flare of known size that I have personally seen was a production flare of 70 MMcf/day in Algeria, which produced a lazy flame several feet wide and about 50 feet high. By all eyewitness accounts, this one is 4 times as high and emerging violently from open pipe, with a maximum choke at the 8" casing. I don't mean to step on any toes here, but I believe that ELH is producing far in excess of 100 MMcf/day. Comparing the ELH well with the "Lakeview gusher" is a bit like comparing apples and oranges. Oil and gas are produced under very different flow regimes. If the ELH well were a high pressure/low volume well, we would have seen some depletion in 10 days of flaring. Further, if this were to produce gas, in quantities capable of forming this flare, for 18 months, then sign me up for another million shares please, because that adds up to a pile of revenues. It is very encouraging that the well-head is now clear of debris. They should be able to determine a course of action shortly. Cheers, Rick.