junior oilers....next big winner!, page-14

1) I dont see CPC as a longshot or a company that could be a two bagger or more. They will do quite well out of New zealand field but it will not start producing
until late 2005.

2) HZN have two low risk irons in the fire in New zealand and China.
However everybody seems to be overlooking that they are free carried for a well in New Guinea late this year where they have 20% and target is 100.000,000
barrels. Of course this is high risk (10-15% chance of success) but if it comes in it will blow HZN through the roof.

3) Icon seem to be desperately short of cash. In my opinion HZN is a better way to
play Bayou Choctau.

I am well set in boring oilers called Santos and Woodside. I hold CPC and HZN but would not tip them to anyone.