Ann: Testing Update , page-10

Neutral!!

This well to date.

Primary target - Leadville - pulled pin two days of drilling - not really the primary target anyway. Prfer to make shallow levels a new primary target.

New Primary target 1 - Barker Creek - flows gas and oil. - testing confused gas and oil with water. How could this have happened.

New Primary target 2 - Chumney Creek - no need to even frac. Great porisity no gas - bumma How could this have happened.

New Primary target 3 - Ismay - "producing" but not yet "commercial" in Para 1# but what we really wanted all the time. Lets wait and see but results probably not known before shareholders asked to stump up another cent per option.

If all else fails Primary target - lets drill on for Leadville even though difficult to drill, deap and expensive and previously abandoned.

What is going on inside this company. Again being bled by the Americans.