anouncement, page-14

G'day Allan,

I also bought a few more today, at 45.5 not many but I can't add much more, I am pretty heavy in cvn, so I bought some OZL today @193 to make myself feel diversified ;))

I also am expecting some news soon on progress and testing/flow results. We will be having quarterly in a day or two, and I would suggest we will see some good increases in income and reserves.

I believe the selling is still jpmorgan, as it is very controlled, but is still a fire sale for thier holdings, as they bought at much higher prices, so that thier average is in the 60's. They must be feeling pain worldwide, to be destroying value here, thier losses will be substantial for this holding and it won't be the only holding they are divesting at the moment.....

Money is moving again in our market, and good value in oil & resource stocks, the world is still growing, albeit slower than before, but demand is still there.
Big picture for cvn is all good, and will provide good returns for holders. imho.

cheers

Steve