Reply from Guy: Through the Company’s most recent quarterly, we...

Reply from Guy:

Through the Company’s most recent quarterly, we wanted to assure our shareholders that we have made the necessary cuts to maintain a cash flow positive position and show the market that the Company was in a financially strong position – which we are. There will be companies that do not survive this down-turn and we wanted to clearly show that market that we would NOT be one of them.

I can not explain the current share price but can assure you that the Board and Management are very unhappy with it and will be making moves over coming months to drive shareholder value and stock price. The unfortunate aspect is that last quarter was our best ever month in terms of production and cash flow. However, excuses will not fix the problem and I think we have to clearly be able to demonstrate a growth strategy moving forward which is what we intend to do.