Ann: Becoming a substantial holder Tolga Kumova, page-228

That's easy..... for starters from the possible conversion of the 1 for 2 3 cent options being issued with the combined shares of 69,659,091 from Tranche 1 , and 73,795,947 from yet to be approved Tranche 2. This would potentially net them in over the course of time of $2,151,825.

There is of course the US$1 Million which will potentially be received over the course of 12 months for their recent Farm-In arrangements on their Alaskan project.

Then there is also the ' New ' Team with their ' Quarterback ' with their associated participating contributions through their ' Option's ' conversions.

So it would seem there is potentially sufficient amounts of Cash being perhaps progressively received over the journey through the next 12 months.

There is also an additional chance as I have spoken about , that there is another ' Hidden ' rights issue for ordinary shareholders as well - perhaps as early as before the end of the month and maybe even connected to the as yet determined Shareholders meeting which was already supposed to be announced......