Ann: Phoenix South-1 Well Update, page-142

Glad AFR noticed posting last night. APA up again which means it has not stopped rising since the announcement. The rise has been US$3.23 so far which is a lot of added value for a company with a M/C of US$38b.Getting back to suggestion that CVN could be a T/O target. Just think of this. How much time and $m's would a company have to spend to find a possible new oil province in Australia? Get the permits ,expensive drilling which might be dusters could all take years going nowhere. Or they could take the quick route and have a go at CVN, but act sooner rather than later. Suggest buy on market and give Ted a phone call.