Ann: Coretrack To Sue For Unlawful IP Licence Ter, page-50

re: Ann: Coretrack To Sue For Unlawful IP Lic... Dy Hire of the Rig

Lets put this is non drilling language, and divide by 100

You have a porsche worth $100,000 (a rig worth $10,000,000),

Someone offers to hire it for $100/day (dry hire for $10,000/day).

The person wants to drive it half way around the world in a race at 100 mph (3,000 meters depth), despite him never having driven by 30 mph (1,000 meters depth), despite him never haven driven in that country and having no idea about local laws. He tells you someone is actually going to pay him to do this.

You're nervous, but don't worry his company is liable if it all goes wrong, the company (in the name of his son), is worth 2 cents (Strata worth $2).

And super duper don't worry, his pal (Ian Speer - an independent expert of reputation), says it's all okay.

You are excited, you close the deal.

Your wife (shareholder) comes home, "where's the porsche?"

Don't worry honey, I gave it to some spotty kid to drive around Europe, their 2 cent company is liable if it all goes wrong and don't worry, his pal said is was all okay,

Enjoy sleeping alone (being sued by shareholders).

I don't have an opinion, but you really would like some insurance, wouldn't you, what if something happened out of his control - ?

Why not use Coretrack as the contracting entity, why not Strange Investments ?