Thanks for the newest submissions! We like the idea of #42 with the oil/olives dropping into the U. That concept is a bit common in the wine industry (liquid in a letter) and isn't necessarily something to avoid, but it may be a bit cliche in its current form. #31 was a bit too gothic for our tastes, but we appreciate the effort.
Your designs have pretty decent variation so far and we're excited to see what else you come up with. Keep up the good work! :)