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


To: Rocket Red who wrote (610)12/8/1998 12:07:00 AM
From: Ed Pakstas  Read Replies (1) | Respond to of 15703
 
I'm not saying that the well is lost.... I'm just counting the lost revenue...

Don't be surprised if you hear more of those rumours if they don't cap that sucker quickly...

My guess is that there is a helluva lot of metal fatigue at the top ot that well...If the rumoured pressure of 18,000 psi. blew off a 10,000 psi. BOP, what makes you think that they got anything that can hold this thing down without going down the stem a couple of hundred feet, and that's going to take more time and more loss of revenue...

Am not negative on this play cause there is most definitely something there... Big question is, "HOW MUCH"???...

Am just being cautious and just trying to cover all the possibilities...

...ed