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

To: usinvestor who wrote (3015)	6/4/1999 1:32:00 AM
From: grayhairs	Read Replies (1) \| Respond to of 15703

usinvestor, After reviewing PYR's 4/14/99 10QSB it does appear that the Cal Canal, Lucky Dog, Pyramid and the other GSJBJV interests APO should be revised as follows: 34.5%.....BKP 21.25% to 22.0% Armstrong (CWI in 1st prospect well, APO thereafter) 18.75%....POU 6.75%.....WML 5.25%.....HTP 3.75%.....ELK 3.00%.....TMK 3.00% to 3.75% PYRX (CWI in 1st prospect well, APO thereafter) 3.00%.....North Arm Neither KOB nor RLP are participating. Thanks for pointing out the "flawed interests" in my prior post. Note however that the leverage conclusions with respect to the ELH play (where there has already been a significant gas discovery) are not at all affected by these changes. HTP still has the best leverage in ELH. Also, because of the size of these prospects, the carried aspect of PYR's interest in the first well loses its significance. The APO interest/share is, for practical purposes, what really counts. Later, grayhairs