financial projections, page-107

Nobananas

First up......

I to thought the recent CR was ill conceived and wrong.

But in hind sight I've come to believe it was probably a prudent move.

With the current state of capital markets and a possible bond dislocation in Japan who knows.

Yes we have a lot of shares on the registry but I don't see that as a critical problem at the moment.

IMHO in today's market the situation has become produce or perish........and cash is king.

As for for the brokers trading bit......If they want to sell at a loss I'm happy to pick up the shares at current levels or below.

TTE's Niobrara involvement is of concern to me.

I would hope they put off serious drilling there until such time they are in a better position cash wise as 8 or 10K laterals don't come cheap.

Other than that I maintain my long term buy sentiment.

Cheers mate