Johnz11,Agree that some deep pocketed support ie insto has moved...

Johnz11,

Agree that some deep pocketed support ie insto has moved in. The day of the announcement where it fell to .59(!) and recovered to .71 was a joy. Similar stuff the next day. Suddenly the easy option of buying CVN cheap seems harder to come by or trade off.

Hartley's upgrade from .89 to 1.15 saves alot of personal calculations.

The recent anniversary of the 160 million share offer at 7.7cents has also passed, the stressed sellers should be out and bless their troubled impatience or unfortunate circumstance.

Just to pick a figure we should be up at $1.00 within the next 2 annoucements.

NSE is a no brainer by now, but there is the glass ceiling effect of the Special Remuneratory Benefit (SRB). Look at Hartley's projections to see how much this effects retained profit.

The exciting ramp up is the one we are on now, but once we are down the 20,000 bopd JV total and historic quarterly reports come in, the effects of the SRB will hit home and the top out effect will prevail.

SRB applies on a concession basis, so kick ups will be more reliant on a 200 bopd result in L20/50 than a 2000 bopd well at NSE.

Once the top out has happenend, most of the fun will be over.

The takeover has effectively happened at NSE - by the Thai Government, so why would big oil bother. But to an insto, it should be steadily bought up to $1.00 at least. Better than a bank, which they probably are overweight in anyway.

Go the $1.00!