what do others think?, page-10

I have no doubt CVN will pepper this virgin field sandwiched in between and on trwend to Thai's 2 biggest producing fileds cos they have the cash and also have stated they see same potential here to repeat the successes of their producers.

I just HOPE SUR do not show same conservatism and reduce their equity any further from current 30%. Give shareholders the first right of refusal next time. They should have kept the original 50% given the favourable reward / risk profiles here.

I expect SUR to soon be trading in historic 11 - 18 range once the 8.0 pivotal resistance is taken out.
Agree this is one there should be no need to "freecarry" cos of the lower risk profile (cf PCL IMO). Hence I retain a man-size hold for core and will start buying new parcels once in trading confirmation mode thru 8+ and 9+ to trade/reduce cost of core which has av buy price abt 5.5

Must be getting close to spud time.

IMBOOC