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

To: Roman S. who wrote (758)	12/8/1998 11:58:00 PM
From: oilmaster	Read Replies (1) \| Respond to of 15703

I dont think so. We are not shocked from the presence of water. Any well that is pulled this hard for this long normally will do this. The zone has water at the bottom of it. That is normal. This well could be history, but if they either cap it ( which I doubt) or the relief well is finished and the well is cemented then we can continue on. Remeber we are not there yet. The zone still looks promising. Oilmaster

To: Roman S. who wrote (758)	12/9/1998 12:02:00 AM
From: JL	Read Replies (1) \| Respond to of 15703

Roman... It would (at this point) appear that they're going to drill the relief well as a second well. Somehow or another they are going to seal off the first well with cement. Whether or not they use the "relief well" for this purpose I can't even guess. I assume it depends on what kind of water we have here. If the water is brackish that bodes ill for the "discovery". Brackish water is deep water. Salt content etc. They still have a chance of the discovery of a lifetime here but there's been a definite crimp put into the formula that well #1 was it. It pisses me off 'cause I bought recently not early. Hold and you still might win. Sell and .... Like they say. Let the buyer beware. JL