Ann: Investor Presentation, page-35

Rossco,

Well the obvious catalyst to look forward to would be the FID for Dorado, and possibly the preamble to it, all likely the middle of next year, not years away at all. There will also likely be firm plans sometime next year imo, for the next exploration targets.

As for lack of corporate actions, deals (in a bad deal season) all I can say is GOOD, I don’t want value destroying deals. I’d love to have some good farmout deals etc, but I’d love COVID to go away, and I’d love USD 100 oil too, but life delivers what it does.

It should probably have been quite clear to us all for a long time that the right deal for Buffalo simply is not going to happen, and AC isn’t going to do a bad deal, and also isn’t going to take sole risk on it at least until Dorado is financed. Trust him imo, he has mostly proven pretty good judgement, including the last CR for which he was heavily castigated here. Not sure whether you were one of those?

People don’t like particular companies, or the hand fate has delivered them, well there are plenty more to choose from.

If someone was certain the sp would double within 12 to 18 months (I am certainly not that optimistic myself) why would they have a problem holding over the next 12 months? Would they really have such faith in their just in time buying skills?

EL