chairmans report 2007, page-4

Oil & Gas Weekly "Plans to drill Jamaican permits late in 2007 after attracting farminee"

Wise Owl in August (Pearl Report)
The company has $3m in cash, which should be receive a boost from a future farm in partner on its Jamaican project. The farm out process is due to be completed in October, however a capital raising may be necessary in the unlikely even that outside interest in
their projects cant be found.The market sell off has brought the stock down from its recent highs above 40c. Currentlevels provide the opportunity to buy into thestock.
We rate the stock 'buy' at current levels for a long term investor.
(Wise Owl Long term I believe is 3 years or more)