Hi WasaI am probably being overly pessimistic in my synopsis of...

Hi Wasa

I am probably being overly pessimistic in my synopsis of the company in the present but they have an exciting next 6 months with the probable drilling of another 4, I think wells in Columbia and possible buy ins to other producing near fields.

But from their statement that every wiggle in the 3D seismic is a virtual oil strike is obviously dubius and what you say about South America is true. They need heaps of money to realise the dream of drilling in Africa and the options are strike oil, another share issue and the dilution of share price or go broke.

Wasa this stock has an extremely long tunnel, and if they are still in the game in 3 years time and the light is still shinning towards Africa then they have a chance, still a long shot, because although the basin is probabaly the largest in the world, it is basicly unexplorered and therefore the risk is very high

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