reese#5 ann due, page-23

Management have stooged us. Just because I thought I could trust them doesn't mean I have to stay in forever. There lack of trust has forced me out. It is now October 22 and still nothing has been announced. Why do you think that is? The recent quarterly was the last straw. Everything states "subject to" and "it is anticipated" and other no guarantees in relation to drilling. Most of this should have already been done and now they are saying they are back to planning for the drills.

Go back and read the announcement going back six months and see if anything they said happened. NONE.

I dont invest in subject to's, the company had plenty of time to guarantee everything. All this for 30-40 barrels per day. No thanks.

If they get their act together, I will rebuy my original position in heads if possible but until then im out.

You all must realise things have changed and you must adapt to each situation. If you don't you wont be in the market long.

To Wallygog who criticised me for exiting WHN, please admit what happened shortly after I exited? Cmon, say the other side of the story. The stock halved and had taken many months just to get back to 4c.

Everyone needs to take responsibility for their portfolio. We all ramp when things get hot but at the end of the day, preservation of capital is the number 1 priority.

I wish you all luck. I hope TTE triples for all of you especially option holders.