CHACO RESOURCES (new name for GMN)

goody

We should have a very good year here. What is not factored into the price is the possible size of the 3rd application. Should chaco be successful it will be a company transforming deal.

Will we get 25% or 55% or nothing?

If we were to get nothing, then we would have been told by now, imo.

Any announcement is unlikely to state reserves. But we know how much oil Graeme Stevens believes to be there. This will give everyone an opportunity to top up sub 20p.

I also feel that something really nasty might happen regarding Iran.

Alfred