Granby Oil & Gas

Hi Ed,

From what I can tell the rumours are mainly about applying Rocksource technology to the prospect (it wasn't used for the first well iirc). As you say it would be brave to drill again.

Mainly I follow LSE with the odd TSX-V or ASX thrown in. Nothing interesting has come out of my Scandi search so far.

GOIL have some excellent relationships and have made astounding progress in what has been a very tough market. I'm hoping they can get their North African business up and running in 2007 and have considered emailing them to suggest looking at MDL's Tunisian and Albanian acreage as a possible farm-in oportunity. They'd be able to drive a hard bargain as MDL have some nice assets but no cash to do anything with them. GOIL being cash-rich is a really good place to be right now.

I also have faith in the management. Well connected, big shareholders and lots of experience.

Rgds,

Des