GOLD OIL, Oil Exploration in South America (Moderated)

Gunner, take a 3 year view and you won't be dissapointed in my opinion. Take a 1 month view and you are setting yourself up for a fall.

Gary Moore and the guys know what they are doing, and will grow the company as they best see fit. Colombia has come on a long way in the past 12 months and will potentially triple as a minimum in the next 12.

Z34 by the summer should have a full Siesmic programme underway, and XXI could be doing any number of things from JV's to farm-ins, to wild cats to simple gas production.

I don't think they'll need to come to the market for anymore cash for a while, so dilution shouldn't affect us, and with some big investors onboard the free float is less than ever which should help underpin the share price.

All in all 2007 could be a very good year.