Ann: Good Oil Conference Presentation , page-21

concurr rexsh, was thinking exactly the same thing but also aware of Euro rally - impossible to say what is going on ATM. Nice to see solid move to 17's though!

FYI, Sanchez applied to drill another EFS well slightly West (or very near by) current Prost wells, so they must be happy with the results of the other two!

Possible updates we can expect sooner rather than later...
CB lab results, Permian infil 1 results, notice of Bgh1 pipe laid and frack commencement (15th has been speculated - can't see it myself), CB pilot program etc

Today, I'm just relieved to see Euro land finally doing something progressive towards solving their problem, years to go but at least this is a big step as the ECB is acting independently of the Germans and lowering the cost of debt burden for the likes of Italy & Spain. Unless these countries can grow their economies they will never meet their budget/austerity commitments. Quite perversely, the best way to generate growth in these countries is by making money cheap to borrow and spend - ironic to say the least! Now that the Germans are out numbered and no longer have the Frogs in their pocket we are seeing some collective Euro action/common sense being applied - more irony!~!

With the US showing some patchy signs of recovery (housing improving) and China looking to stimulate higher growth, 2013 is looking more positive than any of the last 4yrs IMO! This all bodes well better markets, higher asset bidding, higher hydro prices and more corporate activity through and into 2013. If the LNG suppliers see stronger global growth and with it hydro prices into the future they will be more inclined to bid/compete for limited STX assets.

We need a positive global outlook to get the CB show on the road and the premium we want into the STX SP!!

SP just hit 17.5 with conviction - smiling!

HC