Thanks Coach & Kinematik for your continued contributions.

The Company publicized an excellent Resource Report, as per NI 51-101, fixing the mean estimate of 627 mmboe for Atrush block (Atrush 1 & 2). Atrush 3, 4 & 5 results to follow. With the recent price paid by TAQA of $600 million for 53% of the Atrush block, it seems to me the stock is now risk-on with little downside & plenty of upside. TAQA is on record saying that it intends to acquire 100% of Atrush block. China's Sinopec or Marathon Oil may have something to say in a potential bidding war.

As I posted before, China is hungry for oil resources. They need crude. We know CNOOC has recently purchased Nexen.

Today, Sinopec - China's 2nd largest oil company that bought Lundin's Tanganyika Oil in late 2008 for $2b -announced it has raised $3b to shore up its treasury. This announcement follows the earlier announcement of the $50b purchase of Exxon's Iraq oil field by China's CNPC..

Exxon is selling out of its Iraq interest for the prospectivity the under-explored kurdistan. Kurdistan is making great progress in attracting major oil companies and announced its plan to build an oil pipeline to Turkey.

CIBC has been the major buyer of SNM's stock. Anonymous buyer bought up all the stock on the offer today - a bullish sign. The stock will move when it is good & ready. SNM is going, going, gone. I guarantee it. :-)