I guess I've been as optimistic wrt CVN before, but never as...

I guess I've been as optimistic wrt CVN before, but never as confident as well.

After buying back in over a year ago in the 50's (a few over 60), and some disappointments since, I've only been cautiously optimistic until the recent drills (but optimistic enough to more than double up in the 30's).

Seems to me there is a lot of learning still going on, much of it yet to deliver on the cost effective production front in particular (although we"re certainly already low cost). Also seems imho now to've stacked up so many resource production options in L44 that we"ll have years of cherry picking.

I have no geological knowledge, therefore I really appreciate the simple things, like cashflow, the oilyness, the areas yet undrilled etc. So we're going to get future hopes too high and dissapointments, however seems to me this will now all be on the top of a much more robust production and cashflow base (as we were expecting a couple of years ago).

EL

EL