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Message: STEVE"S RESPONSE

Re: STEVE"S RESPONSE

posted on Feb 03, 2009 11:56PM

Nice one, Jimmy. I'm glad you didn't take your bat home earlier. I think the CIVC management are in as much of a 'wait and see' position as any of us.

On the unmentionable SH ( which seems to be improving, though maybe its just the number of posters I have on ignore there which makes it seem that way) it has just been reported that a further three tankers arrived at CBC from Garden Hill.

I make it 12 so far. It's not a huge rate of production and was probably flowed during testing. Barring problems, Garden Hill ought to be going into production very soon, and we should have an NR regarding expected rates, reservoir size estimates etc. I suspect that production rates in the short term will be dictated in part by storage capacity and their ability to move the oil to market -and perhaps they might hold back from full production until the prices start to improve.

Lets hope what they have found is big enough to affect interest in CIVC's holdings.



regards

Dunnock



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