Brian

Good statements as always from you.

They have at least 2 years of backing from pod 1 so they probably learned how to handle it at best.looked to their latest pdf file on their website and they had a lot of esp pumps now on production.they seem to have better output and sor on these wells.Didn't they go further to install them on all of their wells?They still estimate for a fully ramp up in 2011 for Algar but from what we have seen on pod 1 it took now almost 2 years to achieve full production .We just don't know precisly what the effect from the curtailing has done to this?

60 $ oil i guess IMO can hold.From latest news we read the banking sector is improving again and a second financial crisis is not directly an issue i guess.

Question is with these guys on the board will they wait until they achieve what you are writing ?Will they take the time and can they do it with ,if they achieve their 18.000 bpd so far next year?Much of the cash is for paying down debt.IMO the best sollution if we like it or not is a partnership.Some speculate about a takeover.But let's look to UTS.Those who bought before 2008 are still in a loss situation.We can assume the market overpriced UTS in these times.So CLL is not a better case.Only difference is they are producing but had a lot of debt to carry as well.