THIS IS THE ONE TO WATCH for Jan 2006 onwards!!!!!!!!!!!!!!!!!!

PLEASE TAKE TIME TO READ IT OR EVEN PUT ON YOUR WATCHLIST!

A recent article by a corporate research company provides invaluable information about the potential of this stock... interestingly I don't think we would need to wait too long to see return s neither!!!! See page 1 where sp estimations are between 24-30p!!!!!!!!!!!!!!!!!

Also see page 17... current co. turnover is 0.9m this year estimated turnover is 26m, 2007 estimated turnover is 40+m

http://www.nauticalpetroleum.com/Nautical_Sept%2005.pdf

Check it out!!! SG thanks for the highlighting it!!!!

This information is also coupled with a recent RNS re. shar buying!!!!!

Jameel - Good report, more researh required to guage other opions though. I noticed that the main gearing is 2007-8 to may well buy in then once milestones have been completed. Assumptions in stake on the 9/2b and Mariner Field (75% & 26.66%) will also have been confirmed by then...

I bought into CDL this week @ 27p, another UK oil & gas co. in the Ukraine, RNS out today regarding a 8% holding.

tipped in the sunday telegraph