re: max was right Horizons report is much more...

re: max was right Horizons report is much more upbeat:

"Reprocessing of the 3D seismic data cube covering the field is complete and the operator,
CLK Energy, Inc., is interpreting the data to define drilling locations up-dip of existing
producing wells. A good image of the salt-sand interface has been achieved and it is
thought that this will allow 8 – 10 drilling locations to be picked. The reprocessing has
highlighted the prospectivity of the Bol Mex sands, which lie below the main producing
Cib Haz zone.
Drilling is expected to commence in late June or July 2005, subject to rig availability in a
market which is admittedly tight.
The workover programme continues to be successful and has indicated that sand
production is the only significant technical problem that has to be addressed. Several of
the wells produced oil at good rates but have been temporarily shut-in because of sand
production. These wells will be gravel packed and put back on production in coming
weeks."

Makes me want to take a position...sometimes in the next 3 months.

Of course it would be prudent to expect some delays on this 8-10 well drilling program.

However definately seems like a sleeper (6 months should defn be above the 2.8c mark).

might take the 20$ option... buy 1 share next week?