Watching this stock over the past few weeks is interesting with the sales volume, and sliding price, and trying to figure out the trading strategy employed by some investors.

It is reasonable to see some profit taking with the announcement of the spudding of these 2 wells, but with an estimated 2 months before first results become available, jumping in and out of this stock seems rather risky, plus the possibility of some Inpex results anytime.

I did, however, take a few shares off the table at the spudding announcement, in anticipation of a small pullback, but will top off over the next week, just as a general strategy.

Tullow's drilling record, over 80% success is an extraordinary record (outlined on their website), plus all the seismic work over the past few years, has a great upside potential.

I cannot think of a single stock that has such "game changing possibilities" for an investor, 2 bagger, 4 bagger, plus in just 60 days (and another chance 60 or 90 days after that).

I am heading out for 10 days in Las Vegas this weekend (for the golf of course not the gambling, I don't consider myself a gambler but an investor), and I am more than prepared to watch the demand for CGX steadily increase over the next 60 to 120 days as the countdown to drilling results continues (60 days minus 5 and counting).

NT