Ann: Open Letter to All Shareholders , page-58

Hi there lukeben,

I have a coin toss for you.

A pretty special coin it is to.It's three sided.

On the one side we have Steve with your expected exciting news list,

A) laredo JV on the 3D seismic and the extra 2,000 - 3,000 acres.

B) The independent asset evaluation expected to be released prior to the end of DEC, ? if my memory serves me correct.

C) The SRH #1 and SRH #2 frac extensions must only be days away so thats a banger.

D)SRH #5 drill completion.


On the 2nd side we have Novus trying to get as many shares in the company as possible. how do they achieve this ? Get the SP as low as possible. Now a release of good news won't help will it ?

On the 3rd side has the good news being released but having zippo impact on the SP because of the relentless dumping.

An interesting and depressing coin toss that one ?

How do you see it lukeben ?

Regards