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1. PIERRE WELLS???
This reflects the write down of previously incurred costs related to drilling the Pierre wells, which due to drilling results during prior years have been put on hold to pursue other projects the directors believe will provide increased value to shareholders"
2. CASH POSITION???
CURRENT LIABILITIES
Trade and other payables $2,673,648
Interest bearing liabilities 43,563
Convertible note 9 $2,941,883
TOTAL CURRENT LIABILITIES $5,659,094
Cash at end of period (DEC31) = $77,617
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