any body got rich with cairns

I have been holding CNE shares for sometime, quietly following the very intelligent comment on this BB. Whilst not wanting to ramp the share price, I am taking a long term view..for the following reasons.

The world has reached a cross over point, using more oil than we produce (this period of volatile oil prices is a turning point, look back in a few years and see that this is true) both China and India are the powerhouse of the future, GDP's of 8%+, massive demand for oil and other petro-carbon products. Large oil companies have smaller reserves in % terms than at any time in the last 30 years, political/terrorism problems of massive proportions. IMO we will see $50 to $60 pb short term and $70 pb in the next 5 years, which once you strip out the breakeven price at CNE pb of oil, throw in the very aggresive drilling programme, excellent management and success rate, and improving technology for exploration, my conclusion is 45 - 60 share price inside 5 years. Please do not think this a ramp, I am taking a long term view, short term may see some downwards movement, do not follow the market like sheep, research your stock and sector, remember oil would have to climb to over $105 pb to exceed the 1973-75 price in real terms, and the world will have to adapt to higher prices as supplies dwindle. Check out the CIA website for research, very interesting.

Be 20 quid before christmas irrespective of oil price.

Huge basin of oil for the Indian economy to draw on.

All imo.