risks, page-4

TBE,

You have only listed the positives for the Arrowsmith Well.

Consider the rest of the NWE story.

Oil and Gas permits in other areas.

Wessex Basin in England .... Major Oil Companies management asleep at the wheel to let us get permit areas next to whytch farm. Especially the new areas in the English channel.
Seismics will happen soon there and we will IMHO be pleasantly surprised with what we find.

The quality of our management.
They have delivered all that has been promised.
Arrowsmith has been delayed as a result of uncontrolable third parties.
Not just opportunistic management but building a company which is
1. developing discovered assets (Arrowsmith)
2. Exploring for future assets (Wessex)
3. Establishing significant Partnerships (Baharat)
4. Fiscally Prudent and astute (Option placement, tight spending controls, prudent management salaries, Small staff)
5. Active in Industry Political organizations to promote the positive regulation of our resources.
6. looks after shareholders by enabling participation in capital raising not just approaching Sophisticated Investors.
7. Have put their own capital into the company via share placement take ups and also underwriting share/option issues.

I urge you all to assess this little company with a longer term view rather than trying to see it as a one shot wonder.

I agree with shrudecrude, Tui and others .... you don't often get something like this as cheap as this.

regards

Potter