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[tmcal6]

DNO

I have to learn to keep some powder dry. I had no cash to buy more, but I have a fair sized position already.

DNO mentioned there are other companies proceeding with exploration in the Kurdistan zone and I bet one or more are Chinese, since the Chinese built the DNO drill rig and interpretation (reading between the lines) some of the sections in one of Roguedolphins posts that discussed the Chinese "interest" in Kurdistan.

I think Iraq will need outside help to develop the oil resources, and Kurdistan is likely to be the safest area for future development, assuming a new Iraq government is successful.

I feel comfortable that we have likely seen the low for DNO in 2006. At least I hope so. :)

Tmcal