My information is that the buying is coming out of London. There is a lot of interest in EWC in the UK. Everything is going along to schedule except the seismic which is a little delayed. The LNG deals will probably be done within a year when we know more about the reserves and the gas price will probably be higher. I'm sure they already have deals on the table. Anyway the sp looks very strong with little selling and this is the time to get set.
The sp is $1.27 as I speak and looks very solid in the $1.20's. By the middle of '09 when we will have 1 million tonne of LNG being sold the sp shoud be about $7. So people could get set now for a 6 bagger with 16 months.
UP UP AND AWAY.
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