cheap, page-5

re: cheap hmmm Hi Ronstieb,

. you always know there is bad news when a company releases a statement after COB on a friday afternoon.

. the cashfow out of 4.5M was very high, even though they hadnt receipted the cash for the kiana revenue which was as expected around 600K/qtr.

. this is a concern if they repeat this outflow as they would then be running on the limit of cash but they are free carried on the 5 drills but will have to fund the $$$ for smegsy work when they can get a team to do the job which i read somewhere was causing the delay, also funding the EPT's so probably not cheap.

. the progress report update in this quarterly just released was actually what was stated in the last report so they obviously messed up preparing the report.