the complete idiot’s guide to the election., page-27

Hi SH,

More crapola and eviding the real questions put to you.

You are stating that we were nearly bankrupt with nearly $7.7 mill. dollars in the kitty, and, if we were to drill, we would have ended up bankrupt.

Now, where do you think the money for the 3D Seismic is going to come from? I din't know that they were going to do it for free, lol. And how much is it going to cost in all to get it completed and then translated into something usefull?

I know that you may now say that we have raised some more cash via issuing more shares to some sophisticates, but:

1) Couldn't we have done the same after the next well was drilled and proved.? And

2) Wasn't the money raised in the last CR going to be allocated in further drillings? How much of that ended up in drilling more wells?? ZERO, ZILCH, NADA,...NOTHING!

I think that you should ask your mate in the Board to give you some better explanations first, before putting them in here.

And one more thing SH.

Weren't all the company's people involved in the drilling and exploration recommended that another well should have been drilled and prove up more oil, and the board decided to terminate the services of the drilling rig instead.?

If the Board was to follow and do what was recommended of them by all the experts in the Company, none of this crap would have eventuated. The EPT would have now being done, another well would have been drilled, and income on a daily basis would have come in.