Ann: March Investor Presentation , page-30

""(21.8+ 93m+ 71.7m+ 43.4m = 229.9 million minus 71m on hand presently leaves 158.9 million plus whatever production income we have had in that time burnt since the new board took control.......not all on Texas/Canadian exploration but all costs incurred by the board to date with little to show for it........Still counts Imo as all running costs for MPO!!! Did i miss anything??)""


No Veeone, you didn't miss anything. And I thank you for bringing it up. It only proves/shows the cash burn that this Board, with his selected Management, has been capable of doing. Also I wasn't a real fan of TG when he was appointed to the CEO/MD position and I made it very clear to the whole forum about it. But a few here, (Some of them not posting here any longer) decided that I didn't know what I was talking about it, and even got me moderated, and a little more than that, for doing it.

The sale of Mungi at that ridiculous price was another example of how good this Management and Board were at the time when, we only managed to get about 43 mill. dollars from the sale of Mungi when we anticipated all along that we were going to get about $100mill dollars instead.
Me, personally, I would call that act a desperation move in search of cash at all costs, not something that a fully cashed up company would do in a rushed decision. But, that's me and the way I see it.
Now, if we didn't have those 43mill dollars in our cash account, what would we have left to crow about it.??

Al we have managed to do is to sell out of assets, most of them producing, while searching and drilling for some more. It was then IMHO, that there would become a time that we weren't going to be succesful with our drilling anymore and that it was to bait us in the rear end. I think that we have reached that stage now. After all, you can toss your coin up in the air, and there will be a time that it will stop falling with the "HEADS" up, and will eventually end up falling "TAILS". It is then that you can loose your shirt, and how the Casinos will end up winning.

I could go on and on, but I better leave it for now.

All I know is, that I wished that I have never heard of this mob before and that I would have continued doing what I was doing with my shares. And that is selling out of my shares altogether. If I was to continue doing that, I would be in front by a few more six figures amount than now. But I didn't, and I am now paying the price for promoting it while promoting it to others as well. IMHO, it is clear that, by removing the previous Board, we have fallen from the pot into the fire, while they award themselves, or someone in the company, more and more ""Performance Rights Shares"", and while we are loosing our shirts. Have they taken a pay cut while doing this.???? Yeahh pigs will fly first.!!! I am sure of that.

Good luck mate. I would like to see what they will come up with next.

I have to admit that I am not sure anymore with what we can expect next. All I know, is that if someone was to come out now and do a move on us, many of us will be left licking our deep wounds for a very very long time.

Someone suggested that we should join up with Legacy as they have far more experience than us in drilling our tenements. I would be more than happy to swap my shares for some of theirs though. At least I know that they would be capable of showing what we've got under the grounds of our tenements.
As to whether or not legacy will be willing to join in with us, remains to be seen. Especially when we held their shares and sold them in the past. That action from us would have caused their sp to drop by some margin, and probably would have upset them.

Cheers,
Bud..