Conference call, page-48

Felix, talk of share rights issues is just adding more speculation to a company that has spent the last years speculating and then failing to make good on it.

If you were to consider a rights issue, you would also consider the possibility that a rights issue may fall short and lead to an even further decline in price below the issued price.

As far as raising capital in other ways, a look at the prospects and company history indicates that they 1. Have little prospects of signing the required capacity of offtake in the near term; 2. No one is interested in the technology; 3. The sale of assets....what price for Bear Head when there isn’t even a gas supply pipeline, and one having to be built from Canada would be 1,100 miles long; 4. Sale of equity or debt.... well obviously you, I and others realise how much that would dilute share value even if others don’t.

Though I completely agree with your comments, it’s advisable not to get caught up in other commentator’s rubbish!!!!