Hi Folks,I feel very well, with todays sp action fully...

Hi Folks,

I feel very well, with todays sp action fully vindicating my comments posted on the 5th, and my final 16 cps buy then.

Perhaps many in this stock rely on advise, and hence the delayed reaction. Perhaps a large buyer waiting for post announcement retrace before stepping in. Regardless the fact that this positive reaction has been delayed, and therefore considered, is a greater vote of confidence imho than a (generally unsustained) rise on announcement exuberance and momentum.

As I said on Tuesday, Tuesdays announcement hugely derisked the investment imho. Perhaps todays reaction was on the premise that another three days had gone by without the well watering out. As they would have to announce watering out immediately, I believe we are in great shape.

CVN is now my largest oil investment, and although it will need to more than double to be my largest investment, I believe this is a plausible scenario. Perhaps few more good Na Sanun wells will get us quickly to 30cps plus.

37 wells this year. How many next year? Plenty of acreage to drill.

Goodluck to all those in for the next 100 wells.

EL