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

To: RSkarsten who wrote (683)	12/8/1998 4:36:00 PM
From: JL	Respond to of 15703

Russ.. When you have a cavity deep in the earth and you use an exploration well to get to it you never know what fills that cavity until you get there. You can speculate that if there's oil 30 miles away then there's a good chance that there's oil here too. That's the nature of wildcatting. As for this play... It all depends on where this water is coming from. High in the bore would be good. It would mean that the reservoir is not involved. The down side would be that the casing is damaged and the well is possibly damaged beyond servicing. If the water IS from the reservoir, at that depth we would be in big trouble because the gas pressure is being driven by steam. That would negate the pressure as indicative of a large reservoir of gas. Only time will tell on this baby. For now you pay the price and take your chances. This is my understanding of what's going on. Perhaps Rick or oil can clarify for us. JL

To: RSkarsten who wrote (683)	12/8/1998 4:48:00 PM
From: GEORGES	Read Replies (2) \| Respond to of 15703

I have been following this thread avidly for the last two weeks and am amazed at the amount of gambling going on...I wonder if a more prudent way to play ELH would be to buy ELK, now at $5 (nav $6) or BKP at $12 (nav $9). These cos. are trading at their real values even without ELH. Granted the upside is not as great as KOB but they can both show tremendous price increases if ELH is real with little downside if it is not......Just a thought from an old guy

To: RSkarsten who wrote (683)	12/8/1998 11:17:00 PM
From: RSkarsten	Read Replies (2) \| Respond to of 15703

Rate of change stats I looked at the amount of price change for the most active stocks in this play. I took the difference between the highest and lowest price attained by each stock in the last few weeks or so. Then I divided that amount by the lowest price to get an idea of which changed the most. I didn't use closing prices, but highs and lows reached during the day. The idea is to get an idea of which will change the most at any given situation. This also tells where your dollars will earn the most, or will lose the most, which ever the case may be, assuming of course that current trends follow in the future. -----------LOW-----HIGH----CHANGE-----X HLT-------2.00----5.10-----3.10------1.55 SOG--------.61----2.90-----2.29------3.75 KOB--------.32----2.64-----2.32------7.25 PYRX-------.43----5.00-----4.57-----10.62 Pyr wins. The only way I can explain this is that PYRE has only a float of 5 million shares, as well as a 10.5%. I do not know what the floats are of the other companies, the chart mentioned to me earlier did not contain that data. But if the floats of the others are as much as a third of their total shares, they would still have twice the # of shares in circulation. Food for thought. Great news on the TV report of still flowing gas. Also, why won't this program recognize tab or spaces? Someone make a suggestion. Russ