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


To: Salt'n'Peppa who wrote (2882)5/30/1999 10:04:00 PM
From: Mr. Oil  Read Replies (1) | Respond to of 15703
 
I have to agree with you Rick. HTP which owns 11.425% of ELH and which sells last Friday for $2.11 should appreciate significantly more on a percentage basis than say WML which has 7.125% net interest in ELH and a share price of more than double of HTP at $4.55. If one is concerned about the risk factor of HTP certainly WML is trading closer to it's 52 week low than HTP but the bottom is not likely where these stocks are headed right now. I might have thought otherwise if they didn't plug the dragons nostril but now that is done I suspect it is upward we go. I know I shall want more for my HTP now than on Friday...but alas I won't be selling Monday unless we open at $5.00.

Insidentally, who are the drill riggers who will be sitting on the rig as she penetrates the temblor zone for the 2nd time? They must need to be comfortable with their prospects of eternity given the rush the last guys got! I guess there will be few more eyes watching the gauges and monitoring the procedures closely as they get to 16,000 ft. I have only three bits of advice I can offer them. 1. GUYS please be careful!!!!!! 2. Please be very careful!!!!!! and 3. if you forget to be careful please refer to 1. and 2.

In light of the risks I would say we will not see anything being accomplished ahead of schedule in the next little while. There will be almost as much pressure above the ground as below. Pressure to get it/do it right this time! May the Lord be with them!

Ray



To: Salt'n'Peppa who wrote (2882)5/30/1999 10:50:00 PM
From: Bearcatbob  Read Replies (1) | Respond to of 15703
 
To: Rick Brown
From: Bearcatbob Sunday, May 30 1999 10:44PM EST
-Preview-

Rick,

Over the years I have had numerous sure things not work out. I have the majority of my holdings in PYR. As my confidence increased I wanted to add more but determined I had all the risk I wanted. Therefore I bought more WML. Now, after the picnic tonight I was doing some reading. Everything I can find says WML's ELH holding 7.125%. The calculations I have seen on the net show 12.37%. Do you have any insight into what the discrepancy is?

Bob

PS: If this "sure thing" does not work out I think I will quit speculating.