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

To: Sapper who wrote (1589)	2/12/1999 10:18:00 AM
From: Salt'n'Peppa	Read Replies (2) \| Respond to of 15703

Okay guys, lets analyze the situation... What has changed from one week ago? 1 - The blowout is now emitting fluid at a much reduced rate. 2 - The relief well is at just over 14,000 feet and cased at 13,200. 3 - Bellvue #3 has now been publicly announced. 4 - The reserves had better still be down there <ggg> 5 - Berkley has taken on 33% of this project (for now). 6 - Berkley has announced drilling 3 more wells nearby, which gives ELH a big confidence boost. These boys don't mess around. They know something we don't yet. All in all, I'd say we are in pretty good shape. Just a few things to mull over while you scan the aisles for the marked-down dented cans of pea soup.