RE: Good and Bad News There was a strong assumption that oil would be found at the Turonian level. It still may as we did not reach TD. The very positive development here is that we have found oil at the Late Cretaceous depth which some hoped but none expected too. This gives us alot more targets in the area and makes the area much more prospective for future discoveries. Any sell off here should be short lived as we are already quite undervalued. The announcement of a JV for ED should see our price increase rapidly to higher levels than now and our likelyhood of finding a partner now should be quite good IMO.
G.