Lots of excitement at all of the area plays - heard a couple of major rumours - first that Eagle 3 is confirmed and that Richard thinks he has at least 5; secondly heard that NOT is already in talks for an outright buyout at $10...I find that one a little hard to believe - why on earth would they do this now when there is still so much potential and room for the stock price to blow well past this without any hint of a takeover. Maybe just for a spin-off, we will have to wait and see if and when this materializes - the shareholders' rights plan would also have to kick in.

PRB has already got a number of targets for their ground geophysics - they expect to have the drill there within 7 days and to be drilling 10 days from now at the latest. Their Victory project really is looking more and more interesting - they will be drilling that in late spring and already have 34 conductors identified. Diamondex has staked all around Victory to the south and east - absolutely huge area! Victory is no longer on the eastern edge but now smack in the middle because of this. A lot of talk that this area could be an even bigger "ring of fire". Dr Palmer supposed to be going back up the end of the week and will be away for a month - they were laughing in the booth - apparently every time he goes to the field a big jump occurs in SP, and when he comes back, the stock price comes off. LOL

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Phats