* I took a 1/2 position in CLT and sold SCS and ARN and went into cash.

 

 * I since added a very large amount of PRY at $3.01 as the Red Earth carbonate play, as I have detailed, is very uniform.  I will buy back all of my ARN once they prove (to me) that their net-backs have risen to where they should be.

 

 * having said that I would not worry about owning ARN as it will move up significantly.  No doubts.

 

 * what I do or do not do should have zero influence on what ARN holders do or care.  P.S. I will have more ARN field data this week.  Stay tuned.  They have drilled and fracked water injectors at Deer Mtn and Ethel now and that data will be very accretive if it goes as we all expect.

 

Cheers