Ann: Response to Media Speculation, page-12

This is the last straw for me, I'm out of GOR on this news. Why would anyone trust this GOR Chairman, with his abysmal track record, to do better than the superior management teams at EVN or NCM in a Canadian foray? Quite simply, they aren't capable of managing a Canadian asset. I was holding onto this dog for potential DEG optionality with the free cashflow from the current JV...but now with this risky foray, it will likely soak up GOR's free cashflow and reduce their bandwidth to do much with DEG. I'd want a much better management team and Board to be in place at GOR before I'd back them to pull off something like this. Plenty of other stocks to own out there, I'm out.