Ann: Roc-1 well update, page-34

A bigger man ( or woman) may have just said yep I was wrong and moved on. I would have.
Seemed to me that the market won't go too much below the cash value for the near term. Currently they were at 10 cents with nothing discovered. Now they are at 9.2 cents with something discovered. The big question is is that something of value. I will look to add on significant weakness but I cant see it going much below 9 cents IMO in next 12 months unless that cash dwindles very quickly. In fact I'd say they are probably a TO target with all that cash and two un-appraised discoveries. My bigger holding is FAR any I may sell some and switch into CVN on weakness.