announcemeny......., page-6

Surandy70,

IMO......they definitely put an emphasis on explaining to investors how the current market turmoil has, and will impact their business. I thought it was a very well balanced presentation and did not overplay or underplay their huge success at only their second drill target.

We should also not loose sight of the fact that their number one strategy when they listed in 07 was to diversify their portfolio into a number of locations. This approach as it turns out with the current global crisis has placed them in a much superior position than others right now IMO, and will ensure a speedy sp recovery when the general market recovers.

As expected Italy will be the focus in 09, a little disappointed only 1 slide covered this. No mention around a jv partner, no change in their expected drilling time of the 1st quarter 09........this is obviously subject to government approvals which they said they expect to receive written confirmation of approvals in the "near future".

Overall, it was very clear they have a definite strategy going forward to not only get through the current financial turmoil but also move forward in 09. I have always thought that a sub standard management team can always survive in good times, however it takes a superior management team to survive in bad times..........well, they don't get much worst than right now, thanks god we have these guys in charge of our destiny..IMO. .

These are just my thoughts, at the end of the day the market is the one that decides.

Cheers
R