bobert,

I do not see the slides as opague bs. I see all are facts and projections to best of their ability. Give DG and co some credit, please, will you?

They diversified with NG and MCR cus they know they cannot survive just beign oil sands. But no one could have seen the credit crisis. If the credit crisis did not materialise cll would have been around 7 per share now, ALgar on the verge of completion. Do you agree.

My beef is that with all their vision to diversify,they have increased light oil in the short term to foster cash flow, hence having the dilution and debt and at the same time position cll for take over at a good price for us. Also they could have issued more shares at 5 and use that to increase reserves by drilling, could have kept more % on PDP. You have to agree that PDP may save the day if Colombia nd Peru are good. Rem Argentian in no time PDP shot to 24 from less than 2, within a year, that is.

It is important for CLL to fund future rpojects with cash flow and if oil goes down now,it would be hard to do so cus we are debt liden and diluted, that is my only fear. Management is first rate, excution is sound, future can be brighter if weather the economic story weather. But am apprehsive cus if oil goes down for a protracted time there is no way to survive again, no debt no shares. They can issue shares but cll will be valueless. We have maxed out. That is my fear

But still, I Beleive:-)