Possible transactions Allways been a fan of Phil hodge and contine to be after hearing his presentation in vancouuver in early feb.He dropped many hints that the low gas price allows for an enviroment where it makes sense to be buying assets,Even suggested pne could do a 250 million deal without selling stock,debt plus cash on hand.In another presentation he talked about pne carried interest in the edson assets which are very good,and said pne would like to be the operator and control the developement.Velvet energy a private used to be the operator until they were taken out by Sparten delta.SPE has said in nov they are looking at a strategic repositioning which is code for getting rid of non core assets.The edson assets have not received a lot of attention. Phil knows exactly what he wants it is just a matter of price.SPE crowd are sharp and it depends how motuvated they are.