results imminent, page-15

Agree Niban there was no sell off prior to the last "bad announcement. CVN chased up to a high and close of 38c.

Today's sell off at close was nothing more than a couple of sizable sale orders for being placed 150,000 and 250,000 driving the price south and then a nervous Nelly selling 500,000 right on close.

However, time will tell. My belief is given this well is on structurally the highest trend in the South fault block it has a very good chance of success. Poe 9 and NS3-D1 were wells drilled at the north and south portions of this south block both flowed rates of approx 400 bbls per day. NS8-D1 was drilled to the north of NS3-D1 and intersected the volcanic zone at approx 850m and flowed 1480 bbls. Therefore, given the flow successes of those wells drilled down dip and oil technically migrates to the highest point of a trap, NS2 should be just, if not more, successful as NS8 as the target zone was intersected at 807m.

This is not advice however and is based only on layman's knowledge and interpretation.

We shall see!!!

Other’s interpretation appreciated.