Cardinal Resources

Trading all around is very light.

Just to expand - $55.5m is a lot of cash with $14.1m set aside for the RC Field re-instatement.

$5m was also drew down from previous cash in early December.

It's a big pot of cash so should bring serious developments.

Leaving aside the predicted 4000+ boepd from June (in 6 months) - what's the likely forecast for 2008 production after further drilling is completed by the end of the 12 month period?

Could be quite rapid growth and possibly an acquistion in due course.