Instead of investing in drilling to increase reservs,how about buying more PDP shares. IF there is so much potential in CLL for the long term, but there is a danger oil prices may hit temporatily as low as 35, the same thing will happen, to withere the strom Cll will eitehr get more debt or dilute to avoide both then now buy more PDP shares, sell PDP sahres when pdp reaches 10, that will give cll about half a billion money ( assuming that they buy an othere 13million pd shares). If oil prices go as low as last year no need to dilute, Use thi money to decrease debt and buy back shares,.

I asked DG if there is so much potential in pdp why not cll invest more to diversity more. He replied with : " we are huge supporters of pdp"

WIth the level of debt in cll and high dilition, if oil goes lower than 50 before cll has the chance to increase cash reservs, cll will not whether the storm again.

If they had forsight they would dilutedat high as when cllhit 6 when pod once was completed,. Granted we could have bitched by saying why dilute when oil is at 100, butwould have same dilution level and more more money half of current debt, far better from our current predicament. I agonize of selling cll at lose.

believe