Ann: Quarterly Activities Report, page-2

One page!

So our world class oil and gas management team have been reviewing opportunities in other areas.

One question comes to mind. Would they know a great opportunity if it was placed in front of them?

Still cash burn is low. They should be able to evaluate more opportunities for 3-4 more years before we run out of cash. We can be told for the next 4 years by that secretary,"They are currently in a meeting", when we call. Not a bad way to earn a living, for the secretary that is. Our management team should be able to spend 97% of their time on their other Boards

Does anyone know what the $55k cash equivalent/deposit is for?

Regards, to all long term sufferers

B