re: Ann: Letter to Shareholders from Board of... At this time it...

re: Ann: Letter to Shareholders from Board of... At this time it matters not whether China is at present an option. The main focus at present would seem to be Indonesia, which is short on the energy front. The HOA with Medco Energi is whilst not a contract, a very good start for CXY. It's only a dirt road at the moment, but CXY is there in the running.

There is no doubt CXY is a risk, to pretend otherwise would be foolish. But it is still not only surviving but actually moving forward at this time. Whether one can get in at 4,5, 6 or 7 is probably the question for those with the appetite to do so.

I do suspect that 2013 may end up an interesting year for the UCG Industry as a whole. Time will tell as per usual, I just consider for myself CXY a quite cheap bet worthy of my punt.