and agian....., page-5

Unfortunately, NWE gave the opinion that so much was under way.

Now the Appalachian drilling is delayed by winter, which incidentally won't end on the First of March. We will be very lucky to see any drilling this financial year by the time a rig is contracted and moved.

Magnolia is now delayed and we will be very lucky to see any action this financial year. Can we believe the current time frame?

Since these expectations have been made in the market and on the web site, delays, which could have been easily seen, have set back the action by six months.

Is it any wonder that investors are using their money elsewhere?

It is very poor management for NWE to misrepresent the timing of it's drilling program and this looses investor support.

For those who hang in there, sure the action is coming but timing is as important as results.

There is definately a good future in NWE when they finally get going.