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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 (378)	12/5/1998 12:34:00 AM
From: Rocket Red	Respond to of 15703

Thanks Rick Very interesting One thing there Data is old compared to todays standards but did the job and A great Job I would say. Todays 3-D seismic is very Accurate in pin pointing wells as I thought they may have used it. I thing about Chevron they have lots of Data

To: Salt'n'Peppa who wrote (378)	12/5/1998 7:52:00 AM
From: Bearcatbob	Read Replies (1) \| Respond to of 15703

OK Thread, who is the problem child: At the time that the #1-17 East Lost Hill well was sidetracked, one of the participants (the "Declining Participant") claimed that it had the right to decline to participate in the sidetracking operations and still maintain its interest in the well, subject to a "non-consent" penalty. The operator and the other participants dispute the right of the Declining Participant to maintain its interest in the well on this basis, and proceeded with the sidetracking operation while denying the Declining Participant's right to maintain its interest. Although the Company believes its position on this matter is correct, if it loses this dispute, the after-payout working interest of the Company in the well and in the other acreage subject to the related exploration agreement could be reduced to approximately 9.085%. Bob