Ann: Levitt-1 Progress Report No 3, page-16

Real selling today hoots - reckon all your support levels will be tested.
Funny Broker Reports out and selling unabated...of course of course it's an Oil story not KAR... i get it -

shorts still well up

The failure of Grace 2 was locked in as i said yesterday when we went from $3 to $2 as we drilled.

Brazil or bust - as it was 3 years ago when they - 'due to contractual obligations had to drill Grace' yeah yeah im over it.
stevo sorry i should be able to paint a real rosy picture for you - ive waited 3 years whilst they torched cash didn't get into Brazil quick enough ( we had a hundred million we needed to spend on a Wildcat) and watched in the same 3 period Oil be decimated..

Still it's a 'cycle so in another 3 years or so i'm sure Oil will be back to $50 and as Mr Hoskin said ----look at the savings from a drilling and production point of view.

All that can happen in the next 3 years is the 500 million becomes???????????????