WA-436-P & WA-438-P, page-7

Thanks Vik, such is life I looked in several times since the Thailand assets had turned around, but I was committed elsewhere and realistically with oil drilling in any real estate there is more chance striking out than getting wet. I tried to buy in a bit today when I woke up, just to have something in, but I was still just under the line at close.

We will see what happens the next few days if there is a pullback or another gap given all the publicity. I would think people that bought in low or averaged down would be taking some profits now, given they could cover their original investment and ride the rest risk free. Many who did not get any profits last time the price peaked with the Volcanic success in Thailand may be a bit more wary now.

CVN has some prime real estate now but still have to build on it, last success in Thailand did not give investors anything in the end. I am still concerned their initial farm in deal $50M did not really correctly assess the costs of drilling and they were only rescued by Thailand a few months ahead of disaster.

If Phoenix proves to be everything we read in the papers, CVN traders will find plenty of value over the next 3 years and I will be one of them. I am really glad for those of you who were in and made back some money today or even into the green. Congratulations to you all, well deserved.