71 million cash in the bank, page-8

Looks pretty good, the trends are all in place, drilling, reserves, prdn, cash, sp. We are growing at 2 rig pace.

Don't worry too much about much of the 71 mm being earmarked for the KOT treasury, because we've just recieved another month of revenue since we hit $71mm.

Nice to have (tax) payables, rather than recievables. So many companies say they have x cash plus recieveables, but the recieveables are real cash, little better than inventory. The $71mm is in our bank.

Bought another 100k at 30 immediately after, as couldn't see anything that might spook the horses, and the $71mm is a bit of an attention grabber - not likely to get my trailing buy orders filled now. 30ish seems safe to my now, with about 29.5 worst likely case imho, based on weak selling around there the past few days.

EL