bad news train, page-2

...and destination unknown.

- MD resigned

- San Isidro spudding soon (previous attempts to drill this structure experienced extreme drilling problems)

- Billiton - only the most optimistic are holding out hope - PM certainly isn't...imo

- Galoc expansion looking good at current oil prices...imo

- Healthy cash balance

It is really difficult to view this stock with any confidence...imo

Best of luck to current holders. I would be a seller though at current price if I held (imo).

What is the cash backing per share ~3c?

OK?

OK