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

To: Ed Pakstas who wrote (1068)	12/15/1998 5:32:00 PM
From: Mr. Oil	Read Replies (1) \| Respond to of 15703

Well, really I didn't mean I don't want the price to go up. That would be true if I was shorting which I am not. What I was saying is I would rather not have another well blow out. The risk of people getting killed and government authorities coming in and shutting it down would be significantly increased if that happened again I would think. As I understand it, this reservoir is deeper than any drilled before. There would be higher pressures at depth which may not have been encountered in the past and therefore a kind of unchartered territory. If this is true, there would have to be more time delays and costs if another well blew. Environmentalist would be screaming bloody murder and there would be big trouble for the companies in terms of actually bring this into production any time soon. They better make very sure they can keep the lid on the next well. Once is forgivable, twice will be the death grip for us all. So >>I really don't want that to happen<<.JMO. Ray