a poster on SH about a pod 3 question.He gets his info from theteleconference.Can someone who also listened to it admit this?

If you listen to the year end teleconference, the information is all there. It is a good listen if you want to invest in the company. RG gave an estimate of 600 million for the next 25000 barrel project. RG made reference to the fact that the company would probably begin the next phase in 2013/2014, unless a suitable partner came along. With Algar almost complete, they should be in a position to begin the next expansion without any more dilution. With an estimated 130million EBITA in 2010 and perhaps 260 million in 2011, they will be on track to fund all their own projects. RG even mentioned that they are going to try to convert their long term debt to 20 year corporate bonds. If they were successful at this, this would release a ton of cash and perhaps accelerate their expansion plans. There is a lot going for CLL now. In April, they will announce completion of Algar, in May they release Q1 which should be pretty good considering they are now getting close to $30.00 a barrel more with the better oil prices and hedges. In July their reserves report will come out. In the teleconference, RG was asked if he could give a 'qualitative' response to what the report might say. He said that they may not win the Oscar, but they are in the running for it. In August or so, they will begin producing the first oil with Algar. If you look at the lastest investor presentation, you will see that exiting December, their production was very good and consistent. There is a lot of positive in the next 12 months and beyond for CLL. I think the sp will do very well.