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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 (435)	12/5/1998 10:45:00 PM
From: Steelguy	Read Replies (1) \| Respond to of 15703

>>>>Aiden Walsh, president of the Canadian oil and gas company drilling the well, Elk Point Resources Inc., subsidiary of Bellevue Resources Inc. of Calgary, said the relief well will need to be drilled to 13,500 feet and have a full casing installed before crews can sidetrack it to intersect the blown well. That process could take as long as 45 days, Walsh said. A piece of good news for Elk Point and the other 11 companies that have invested in the well is that all costs appear to be covered by insurance.<<<< To all, I am not trying to butt in here as I have not bought shares in KOB.......YET!....but I went to the link that Bearcat posted and saw the fire.....what do I know.....but she sure is a blazin'......I posted this part of the article as I thought it may be very relevant and maybe not seen by all. I thought that in the last couple of days I had heard some concern over the cost of this fire.....in fact...I think it was in the article in the National Post today (sat)...but this article excerpt here seems to put those fears to rest because of the insurance coverage. I have no knowledge of this play and how it has all been going down since Nov 23, but I would think that hearing this information would have to be good news for the market. I wish all of you luck and will look at joining the party on Monday. sg