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

To: Check who wrote (1119)	12/18/1998 4:07:00 AM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 15703

Check, they are not vapourizing all the condensate. Bob Christie's reporting is very good - as impartial as he can be, considering his career has just landed him in a multi-national spotlight. He seems also to have been very accurate with the details, to date. Aidan Walsh says that due to the high temperatures, more of the light liquids are vapourizing than would normally be the case. I take this to mean that under more common well conditions, we would have a little more condensate and a little less gas. They are still separating gas, condensate and water. Condensate is being collected for trucking (and for sale, I presume!!!), gas is being flared and half the waste water is being trucked for disposal. The other half of the waste water is being converted to steam in the flare - we may as well put that gas flare to some use and dispose of as much waste water as possible harmlessly into the atmosphere. The two drilling rigs is a pure guess on my part, but usually an oil company prepares a location shortly before moving a rig onsite. I can't see them getting a new location ready for the Nabors rig that just spudded, since it won't be ready to move for at least 2-3 months. As far as the "hundreds of workers toiling" goes, I think Bob is just expanding on his previous mention of the impact that Bellvue #1 has had on the local oil industry. This little operation is creating a lot of local jobs, and it has only just begun. I wonder if KOB will "gap up" in the morning. Rick.