Ann: Projects Update - Icewine East & Longhorn, page-7

It's good to see the Longhorn work-overs are achieving the expected results and progressing faster than anticipated. But ultimately this announcement has just diluted everyone's holdings by another 725 million shares (i.e. about 4.5%) with no guarantees of any sort of farm-out at this stage and the need to eventually raise additional money to fund a possible drilling program sometime next year. I can't see any catalysts to help the share price in the next 3 months so I imagine it will continue to float around, and possibly drop even further.