so where does that leave me?, page-5

Hard not to be confident in Trinidad really.

We are buying a turn key operation. Good stable, low cost environment.

We are paying a small premium for 700bopd, but a massive discount for 3500bopd.

Obviously in the oil and gas business nothing goes to schedule or to plan. But their is a lot of room to move between 700-3500bopd.

If they fall short we can still make a good dollar.

Resumption of trade will be interesting. We will have news to quickly digest, and some people willing/needing to exit at any price.

People needing money for xmas and having not expected to be locked out for a month.

At this stage I will be applying for maximum shares in any rights or SPP and shortfall. Any discounted shares will seem a bargain once production is ramped up.

I wouldnt stick around for 3500bopd, but im sure even impatient people can wait for 1400bopd.

Their really seems no downside in the Trinidad project. Ofcourse it may not live up to expectations, but we arent paying for that extra potential.

And we still have our JV with RAI and VPE. Fury will eventually do something, but I guess it will be insignificant compared with 3500bopd.