I still believe this is a good play, as soon as I know how CGX is going to finance the drilling program I will look at taking a position again as when we get close to spudding the first well the SP should pop.

If no announcement about a JVP or a financing before the AGM the meeting should reveal how CGX plans to fund the drilling program, with the BP catastrophe I would think that a delay is a strong possibility.

OT: I am waiting for CMM to bottom out and retake a position, it should be good for a double by the fall JMO.

Regards Zibo