News flow, page-12

Yes, that's right Jim, Saguaro is our analog as per Stein presentations, but it is not listed so we can't get a feel for markets sentiment in the liquids space. PONY is the nearest listed to us (although not that close), but is a gas play not an oil play. Hence best to listen to Stein as per my previous comment and his knowledge of oil rich acerage transactions. He values us at around 22 cents (although I think he is being conservative), we are trading at 5.5 cents, it's not rocket science. We are in extremely experienced hand in terms of deal making in the O&G space.

I hope everyone is going OK in the Biotech space, I just had a win on ANP, started putting some of the proceeds into CE1, but RBS morgans was just so active selling I've given up. Will buy some under 5.4/5.5 issue price, but absolutely no reason to pay higher RBS Morgans will give you as much as you want above the 5.4 cent raising price at the moment....sigh.