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Message: Re: Very quiet on the news front!

Jul 20, 2011 02:44PM

Well I'm not sure if I agree with you on whether we are really seeing high volumes, or if we are only seeing what looks like high volumes compared to previous days. In regards to the share float it is approximately only 1/500 of what is out there.

The way I look at this at the present, there is some one or two out there trying to play this two ways. Ie dumping some of their shares so that if this well is a dud they don't lose everything but if there is something then they will still break even. I really do think that this well is an all or nothing play. If there is recoverable oil then we'll do OK if not, too bad.

The only other thing that may be going on is that there is oil and the price is being kept low so that there can be a cheap sell out. CQV is going to have to prove this before there is any jolt in the SP. Maybe, the splash will occur when the West Coast conference goes ahead.

I still think that there is something there. Reports too positive, new high profile people in the mix, the well is finally being cased as well as additional reports to come in.

I remain very positive towards a good outcome.

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