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

To: Salt'n'Peppa who wrote (315)	12/4/1998 1:47:00 PM
From: Rocket Red	Read Replies (2) \| Respond to of 15703

I guess we take the chance on the well not being damaged right now thats the bottom line

To: Salt'n'Peppa who wrote (315)	12/4/1998 3:42:00 PM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15703

Rick / Price Potential I love this story. The only true price run-ups (from pennies) I've witnessed in the past few years are back to where they started. Incidentally, they were all VSE listed and involved international plays - Arakis and Abacan are two that come to mind. That's what makes this situation more interesting. It's domestic, on-shore and manageable from a small company viewpoint. The potential turmoil that existed with the category I mentioned above doesn't appear to be in the future for these companies. This will prevent the flood of equity issues which takes a company from 10mil shares to 200mil shares that has occurred with these other situations. There is no getting away from it, these wells are expensive, but again -- manageable from a financing perspective. Some of these smaller companies should be clamping on the bit for equity issues at share prices 4 to 5X the share price of just a few weeks back. Nothing wrong with that either. It's their good luck. Rick, if this well is what you anticipate - what would you guess estimate initial production at. Are we looking at a well with production of 50 mmcf/d???? I'm trying to get an idea of how much cash flow in involved here once tied in. I am making the assumption that infrastructure exists and it would not take too much time to tie in. However, after this initial well - I wonder if further investment into infrastructure will be required. How do you see this play expanded. Is there such a thing as a "proven speculative play?" It applies here doesn't it????