Canadian Imperial Venture V.CQV.H

Talked to Gerard Edwards today.

[osmosis]

I spoke with Gerard Edwards today about the last news release. He told me that before they only had one line of seismic to go on before, when they got the results from the other seismic and had them interpreted they revealed a much larger reservior than anyone had previously thought was there. The present well is not capable of producing all this oil as it is not in the optimum place but the plan is to start production from the existing well and then drill step out wells to maximize production. Hunt and Pan Canadian will then be 50/50 partners with CQV on additional wells. The good part of this is that Hunt and Pan Canadian also have to pay for 50% of the new wells so CQV doesn't have to go looking for a partner to drill. They are waiting for approval from the other parties to release the flow rates and this may not be released until after production starts which is slated for December. He told me there is a couple of other significant news items to be released in very short order which pertain to the newly found reserves. Maybe a drill program to be announced along with Hunt?