CVN - steady low cost producer adding reserves through...

CVN - steady low cost producer adding reserves through development. Cash in bank, good revenue. Undervalued.

NZO - cashed up, new steady production, on the hunt for good deals. Undervalued.

NDO - waiting on deal, overdue, which will provide muscle to run incredible exploration program. Cash and operatorship in hand. Some intermittant revenue through start-up Galoc oilfield. Way undervalued.

ADX - high risk high reward. Facinating permits offshore Italy/Tunisia. Discoveries in permit. Proven mgmt. Short on cash and looking for deals to forward huge exploration program.

KIK - Med risk. Good leverage into NDO's SC54 with Gindara prospect to be drilled Q3, 900+ MMbbl resource. Waiting on farmout deal piggy backed on NDO's farmout. Cash poor but comittments covered.

CBM projects seem do be doing well PES rising 500% during Nov/Dec on takover talks. I don't know enough about these plays yet.



Regards,

Oil Patch Trash