Ann: Investor Presentation - Project Icewine, page-85

Option owners are naturally anxious because of the delay with IW#2, however things can still possibly happen before the deadline in march next year. Any good news before this goes down to the wire would give a much welcomed boost to the options. A farm in for instance or something from out of left field. These options were always highly speculative given their expiry date, but I put my casino money into them knowing the risks. The wheel is still in spin for for another 5 months or so.

The shares are looking cheap. Nervous traders may even drag them down a bit lower in the short term. Things have been shaken up lately, but the oily Alaskan song remains the same. As far as the shale and conventional are concerned it's still a work in progress. This is certainly getting the blood pumping though, what a ride. The coin is still spinning and the fat lady is at her Jenny Craig lesson nursing a mild sore throat as we speak. Ahh these speccy oilers.... you've gotta love them.

Good fortune all holders,
Gatesy