Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RSkarsten who wrote (1496)	2/10/1999 8:36:00 PM
From: grayhairs	Read Replies (3) \| Respond to of 15703

Hi Russ, I really haven't thought about that Russ. Blow out and control well insurance coverage normally provides for the coverage of all costs to get the well under control and then to provide a replacement well in approximately the same location \ status as was the original well. Of course there are "limits" and exclusions. I've never had to read my own policy very closely (Thank God) so I can not tell you for sure. My own guess is that the loss is not covered but that's only a guess on my part. Perhaps someone else can comment. Check, where are you (and your good learned friend !!) ?? I can tell you that in the case of this particular blowout, there could be some difficulty\dispute in arriving at a $$ value for the lost production. The well blew out of control for about 3 weeks at rates that were only estimated by visual observations and those estimates were "large"!! Thereafter, the measurements are not real accurate, either. They're only stadium measurements (i.e. in the ballpark!!). Later, grayhairs