12/01/09

We need to drill two wells by 12/01/09 otherwise we lose the prospect and most probably the 3m they have paid in advance for the drilling. Looks like they are expecting the wells to take 20 days each. By the looks of it, they haven't even started yet. Leaving it very fine, and to make matters worse we are drilling 138 first, OH my god we are doomed if this is the case. Behind by two months, no drilling of 430b and only 5m in the bank, and cash burn of 1.5m a yr. We have as credit crisis, hopefully not a drilling rig crisis. Come on management push things along a little quicker. That would be nice