buying time or miss out

I'll be buying a few more today :) bring on the 'spud'.The chance of the SP at or below 5.9c when it spuds IMO is almost zilch and if you think it will be, your dilutional sorry.The current market cap of the WHOLE company is what Apache is putting into ONE DRILL.$50mil.

Few interesting points to ponder over:

Thailand:

* CVN holds a net interest of 1.5 million barrels of developed reserves from wells already drilled and in production.
* Undeveloped proved reserves add approximately 2.5 million barrels to CVN's net position.
* 8.3 million barrels net to CVN are defined as probable. * Less certain are an additional 21.3 million barrels of possible reserves net to CVN
* + other leases in Thailand

Western Australia:

* Game changer potential
* Recent 3D seismic data has upgraded the Phoenix South Prospect as a multi trillion cubic foot prospect, and is
proximate to proven gas in lower Triassic reservoirs found in the Phoenix-1 well. (+ Roc prospect also has targets in the lower Triassic reservoir that are drill ready and of a similar size to the Phoenix South Prospect.)
* Apache/JX Nippon to spud late Jan/early Feb 2014 at Phoenix South prospect. $50mil drilling at South Prospect & a further $50mil at Roc prospect free caried up to 50mil per drill.
* + WA-436-P, WA-438-P & WA-443-P all with further potential & identified stratigraphic play's
* To put this into prospective, current domestic gas prices in Western Australia are about A$8 per gigajoule (about 920 cubic feet of gas) while current LNG pricing in Asia is about double of that. Therefore prospective revenue is between $870 million and $1,740 million for every 100 billion cubic feet of gas.There talking a multi trillion cubic feet of gas prospect.

You won't be able to buy at this level for too much longer.You either believe in the Phoenix South prospect or you dont.Thailand + cash in the bank is the back up for current SP.