Thanks dk.

As you well know I believe in the information provided by CLL management in their official documents. All my estimates are based on DG official numbers and average wighted commodity prices.

Anecdotal info reported by by the press should not be taken seriously. I trust the documents sign officially by the DG. And I very appreciate the info which he openly includes in the financial reports.

As you notice in your email from DG he never provided any numbers which would suggest big profit at WTI $60 or brake even at $45 simply because this is not the case. He is a very smart men. Check your email one more time.

Just use the common sens and look at the flowing cost in the official DG documents and you will see what is possible or not:

Royalties in $/bbl.....

Transportation and marketing in $/bbl..........

Operational cost in $/bbl........

Financial charges in $/bbl.......

Administrative cost $/bbl.......

This average costs will change (lower) at the end of 2010 when we get some edition production from the Algar. New higher royalties rates take effect in Jan 2009. Financial charges will go higher in 2009 as well.

PS. Some posters provided these numbers before but I encourage everyone to do it on it`s own. It is fun.