pan orient energy corp.- l44-w oil discovery: , page-54

John,

Ironically I have a greater dollar value of CVN than before I sold any, but feel much more CVN poor.

After the previous announcement I did have a try at buying back as I saw the value coming, but refused to chase. I've had a good run with a cohort of stocks recently so will take the opportunity reduced here philosophically.

CVN does indeed look like it will be opening up a much larger reserve and production base over the next few years, therefore hard to disagree with you on 66 being a bargain, however the nature of the market leads me to hope I will be able to get a few back cheaper than today. If so it will need to be before they've had much success in L33 or success in WB deeps. Atm L33 remains bluesky and market whim tends to be pretty fickle with bluesky.

If only I'd dumped my loser OEX instead of trimming my CVN.

EL