Ann: Quarterly Activities Report , page-4

Pro , if this company is to succeed it needs commercial flow rates. I agree
PR has been poor. There is no need to give specific dates. I spoke with PA regarding this issue. He admitted he was fully responsible and pointed out to me that when time lines in the mining sector are missed its not such a big deal but there seems to be a bigger effect when they are missed in the O&G industry.

PA has over 12% of the company . Its in his interest to make this happen and he has already been successful with MT LEYSHON. I disagree that he has lost all credibility.

Delays are not the main issue. Positive results are !!!!!!!!

When they went to test which zones to frack there was very high pressure or some sort of instability and they had to redevelop a specific fracking process to cope with theses conditions. It's possible Frank Fu had come across this before on the Sino consession.

Leyshon need 3 wells out of 6 to flow commercially, then we have a viable project.

Oilbuy