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

To: pud* who wrote (1219)	1/6/1999 11:17:00 PM
From: Mr. Oil	Read Replies (1) \| Respond to of 15703

Well pud* it seems to me that there is nothing much happening at the site worth any great share price rise at the moment. My source says the drilling is still going forward on B2 but there is still no certainty about whether they will be able to plug B1 without diverting to it. Efforts are under way to plug it and results should be known in a couple of weeks. If they must divert to it we are probably several weeks away from penetrating the reservoir with B2. At the moment B1 is still spewing gas and water at what appears to be a consistent rate but not much is being offered by the company on gas flows or the implications. The most we can say is that this stock is still a Spec holding and may prove to be less than or more than one expected. As I see things, it is too early for the stock to take off so I will be surprised if it doesn't retract to the 1.10 area again. JMO Ray Disclaimer...I am not only wrong at times but I often do the wrong thing to correct my mistake. 100 years from now it won't matter too much though.