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

To: Michael M. Cubrilo who wrote (464)	12/6/1998 5:07:00 PM
From: grayhairs	Read Replies (2) \| Respond to of 15703

Do rest assured, Michael. There is NO oil leg here. Just look at the video referenced earlier on this thread. The last several frames of that video definitively illustrate that this flare is a fairly dry gas. An associated (gas cap) gas would hold significant liquids. This gas doesn't. And, other press photos have demonstrated that the gas is "sweet". Hopefully the Boots & Coots surface capping operations will be successful so that ELH #1 can be salvaged and eventually completed as a deep sweet natural gas well. But, if the earlier comments on this thread that the primary cement job on the intermediate casing string failed and that remedial squeezes were necessary, then the assumption that this well can even be salvaged is of course "questionable". Don't you just love the job that this Boots & Coots team is doing ?? Those guys got some real cajones, to be sure !!! How would you like to be the one to "button up" that new BOP ?? Later, grayhairs P.S.-Any thoughts about that earlier reported pressure of 18,000 psi? Smells roughly 10,000 psi high to me. Nonetheless, there's still a swack of gas here Michael.