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

To: Wizzer who wrote (2974)	6/2/1999 3:13:00 PM
From: Bearcatbob	Respond to of 15703

Wizzer, The other well has not yet started. In a release yesterday Westminster said the ELH stepout would be in August. The first new well is the Cal Canal - later this month. bob

To: Wizzer who wrote (2974)	6/2/1999 4:27:00 PM
From: Dave E.	Read Replies (2) \| Respond to of 15703

Wizzer, Canaccord report at #2950 mentions 45 days of drilling. My reading is 60 days (end July) given no significant hiccups. I suspect Westminster s 75 days is conservative in view of past delays. The Cal Canal is supposed to take about 120 days which appears to include a higher uncertainty factor since it apparently only takes about 10 days to get down to 9-10,000 feet and is supposed (??) to be somewhat shallower and a less complex structure. (But I guess they all are before one starts drilling!) Graybeard - do you have any comment on the relative timing of ELH1-R and Cal Canal? Dave