Choice Resources (fka CZEKF)

[nutsaboutgolf2001]

Bobwins,

Thanks very much for the thorough reply. I will be retaining my current position but not adding until I see more results from their drilling and recompletion program. Ultimately the added reserves will be more important than the short term production level. If energy prices continue to climb through the rest of this decade, keeping the reserves will be worth a lot more than selling them now.

I continue to add to my Rival holdings, even after the run up today. It is now one of my largest holdings (about five times as large as Choice) as it still looks the most undervalued junior given it's recent results and forecasts for additional near term production. As a group my entry into RGY, CZE and DZR (upon your recommendation) has worked out extremely well; those together with EGY (which since its last release is doing quite well), CFK and UNT have made the enegy field by far my largest winning sector. I have taken a little EGY and UNT off the table while adding to RGY and am still 40 % in energy. Would like to take some more off the table but all of these stocks still appear very undervalued to me at this time.