Well folks this drilling did not turn out the way we had hoped.I sold off 1/2 of my holdings after there was no oil found when we went through the Aquathuna which I reported here to mixed reviews. I still hold 650,000 shares which should tell you that I still held out hope for the rest of the drilling to be completed.Yes I am very disappointed as I'm sure you all are and so is Steve Millan . He lost more than we all did.

Steve did tell me however that cqv also hedged their bets by diversifying .They have acquired more land holdings and now have part ownership in operating wells in Alberta.They also have other prospective properties in nfld where as was reported today their licences have been validated for another 3 years. They are not a one trick pony!

As I said not long ago, we are down but not out!! The company is worth more than .05 and it will recover somewhat before long. I have owned stock in cqv for over 4 years now and I am not done yet. Realistically I will be watching developments closely to rationally determine if there is a good followup plan going forward.

We must all decide for ourselves what we do now. As for me ,I'm going to wait a little bit longer .GLTA Rico