Ann: Farmin Offer on Sicily Channel Permits , page-11

Oil exploration is an expensive and risky business.

Even blind Freddy can tell you that.

If shareholders are in this thinking that we are able to get oil out of the ground without spending a brass razoo, then they are kidding themselves.

Have a look at most junior explorers out there at the moment and have a look at the number of shares they have on issue.

Of course they will have to eventually dilute the company's shares at some point in time. This is inevitable.

It's all to do with Risk V Reward. We all know it...

Not even a hole has been drilled and we get the "armageddon" mob forecasting doom and gloom.

We all knew this was happening... We don't have a crystal ball to foresee the future.

Lets either just ride it out to see what comes, or get out and move on.

Only a few months more and we shall know once and for all.

"Good luck" to those that are on board, and "good luck to you" to those that aren't.

Risk V Reward....