Ann: Update on BBB 33 Evaluation and Bolling 4 Drilling, page-219

Agree with that. We have invested in a company with great promise, and we are all paying a price. No, this is not acceptable. SH need to start pushing back.

In my view, lots of potential but I get the sad feeling that the company has dragged its feet from the beginning and, therefore, missed opportunities. I still recall when the BOD gave themselves impressive salary packages and enticed SH to vote for them with th signals that production/revenue was just around the corner. That really hurts now.

BNL needs to get a wriggle on and report positive progress this month. It needs to get a sense of urgency into their operations that has been woefully missing.

Shareholders have been well beyond patient - and need to get some rewards from their confidence in BIT.