Sargent,Thank you very much for your constructive comments.Many...

Sargent,

Thank you very much for your constructive comments.

Many would argue we have been mushroomed for the last 3 months and I accept $1.0Mil is not a lot of money but I think the last two announcements shows a clear path. I accept there is a lot of water to go under the bridge but in reading the announcements I would like to think a funding formula “debt or equity” is getting closer.

I note Mitsubishi paid $1.0 Mil for 2.7% “in project level equity” this equates to $37 Mil at 100% and CNQ currently has a market cap of $14.8 Mil. (Market cap of $37Mil equates to a share price of $0.125)

Do you know the definition of “in project level equity”? Therefore at what share price did Mitsubishi pay for there 2.7%?

Thank you.

Please DYOR.