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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 (954)	12/11/1998 2:42:00 PM
From: Mr. Oil	Read Replies (3) \| Respond to of 15703

Hi Red. I re established a small position in KOB today after taking profits at 2.40 earlier the week and am looking for feedback on where folks see this going over the next few days. My own thought is to hold over the weekend. It was good for me last week end. Gapped up on Monday from 1.93 to 2.60's. I am thinking if they get the well capped and do flow tests on the gas over the weekend this baby will move ahead strongly on Monday. Stock seems to be holding up well today despite it being Friday. I don't see much down side as it is unlikely the spout will turn into 100% water. This is a very speculative play mind you, but I can't believe there isn't a lot of gas in that hole in the ground. I think speculation that this will be something large will move the stock ahead over the next 45 days leading up to results of the new well being drilled soon once the crisis settles down. Any thoughts anyone? Ray