announcement, page-9

re: announcement: grahamc58 Hi Graham

Thanks for your reply.

In describing the funding issue as obsolete, I presume you refer to the $1m funding arrangement announced April 14? I was aware of that but uncertain whether it would be sufficient to tide the company over until Ja3a was brought into production. Undoubtedly it eases the situation considerably but - the oil game being the expensive business it is - I was left wondering whether it would prove sufficient should any unexpected complications occur.

I guess the old adage 'no risk, no return' applies here but in light of yesterday's bloodbath I do like to exercise a bit of caution.

R/Gupper