Hey Archie,

CQV has an interesting property in Western NL. The seismic work shows a sizeable potential reservoir. They have drilled down on land to just within the target zone and are now casing and logging the well. They have had regular PR's which you can check on their AG board. They are partnered with Shoal Point Energy who are actually operating the rig. CQV has a 22% interest in the well. They have released that they have encountered gas that is normally associated with an oil reserve which is encouraging. They have 400 million shares which makes the price in the pennies. They should be ready to drill in the next few days. There was a well drilled previously in the area that produced around 20,000 barrells but from what I understand there were problems with water etc. and the well wasn't positioned ideally. This one is waiting for the rig to start up and to strike oil!!