sorl

I took the opportunity to do a small top up at £1.465 we'll see if I was right very soon. In the meantime the fundamentals remain as they were. The shake out in Canada has made a very nice recovery from being 18% down at one point (2.53) to near to $3 (2.97) approximately 6% down.

As considerable time has now passed without reports of trouble at the well-head (like Puma) I take the delay as encouraging. It did not take Dana long to declare Faucon D&A and if I remember correctly, Solana promptly announced a D&A well prior to the difficulties at Puma. For me IMHO, the delay is a positive if frustrating sign. (It does not preclude other possibilities like the well being watered out etc, but for me the delay is a positive) We shall just have to wait and see!

Cheers Dalesman