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

To: grayhairs who wrote (2603)	5/19/1999 10:48:00 PM
From: okey	Read Replies (2) \| Respond to of 15703

They didn't pay anything to drill ELH, they were carried for their work developing the play. Something you may not know, Armstrong assigned their 17.5% ELH interest to the Berkley led group in the negotiations on developing the GSJB JV. Armstrong obviously thought positive enough about the GSJB to give up their piece, for now, in order to get the development of the GSJB on the move.

To: grayhairs who wrote (2603)	5/20/1999 4:16:00 AM
From: Don Richards	Respond to of 15703

Hi Greyhairs, Wow!It took a lot of reading to catch up tonight! Just want to say "thank you" for presenting and sharing your views and interpretation of info. posted by others.I'm glad you stated them,because they required stating,to all our benefit.I understand what you're saying and agree completely. Regarding that chart/table of earlier on:I certainly prefer to work with as many facts as possible,and won't let that many unknown factors interfere with my investment choices of today.Until we get some factual info.from actual drilling in the GSJB to help make some decisions later,(As Rick suggested)I'm staying put,and am happy with what we have so far.Bellevue #1 has provided me with the main fact i needed to know!Now,to get it killed!!.But that should be soon,by the sounds of things! Also-Really glad to see KOB's rights offering.Excellent!..chat again,Don