Things Hotting Up, page-24

Wow CVN continue to rally on their off shore WA discovery. Trading 15c pre discovery. More oil confirmed today and the stock is now 60c and capped at $720m. CVN have a 20% interest. Shows you there is still money in a good oil discovery.

GBP have an 85% interest in their Namibian acreage , $6.7m in the bank and they are capped at $7.3m.

PCL due to spud Cormorant-1 in their neighbouring Namibian acreage next month. They have a 20% free carried interest and will get $7.3m cash on the spud of the well.

Fingers crossed for a discovery because the GBP acreage will be worth more than it is currently valued at...which is $0.