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

To: Bearcatbob who wrote (2417)	5/7/1999 5:57:00 PM
From: Poseidonas	Respond to of 15703

E-mail from Bob Christie: "Eland Jennings canceled on Thursday, said their tech presenters couldn't get into B-town. As for the well, they may be that close but I doubt it (3 to 4 days from kill). As of Monday, they were testing the 7 inch casing for integrity, and they still have to drill for a day or two to parallel. I suspect they'll be very careful before attempting the actual kill. I'm checking today. Bob"

To: Bearcatbob who wrote (2417)	5/7/1999 6:27:00 PM
From: Poseidonas	Respond to of 15703

Bob: Finally some recommendations on WML: Today's Financial Post: Market breadth on the improve Low inflation, unemployment and rates the big driver Sonita Horvitch National Post While slightly higher long-term interest rates, higher oil prices, and Y2K concerns may be seen to be putting a damper on the North American economy, there is an excellent chance that economic growth may surprise on the upside, says Bert Quattrociocchi, vice-president and director of institutional sales and research at Pacific International Securities Ltd. in Vancouver. ............ Thursday, April 08, 1999 In energy, Richard Oddy, Pacific International's oil and gas analyst is favouring companies with strong balance sheets and "the ability to take advantage of the present environment to acquire additional reserves and land at reasonable costs. The company must be capable of growing production and have a good leverage to natural gas and light oil." His call is that natural gas markets will be strong this fall and winter. As well, "crude oil price has now bottomed and will continue to show gradual improvement." Mr. Oddy's top picks include: Cypress Energy Corp. (CYZa/TSE), which recently traded at $4.20 and has a 52-week range of $5.25 to $3; Genesis Exploration Ltd. (GEX/TSE) $5.50 ($8.20-$4.10); Merit Energy Ltd. (MEL/TSE) $5.45 ($6.55-$3.20); Newport Petroleum Corp. (NPP/TSE) $5.10 ($7.30-$3.55); Post Energy Corp. (PSN/TSE) $4.50 ($5.60-$3.25); and Westminster Resources Ltd. (WML/TSE) $4.80 ($8.90-$4.50).