oil rig sealake, page-2

Possibly one of the few smart decisions made by FAS management.

It doesn't make much sense spending 4.25 million dollars per DRILL HOLE you don't have chasing Oil around Sea Lake.

Drilling one failed hole was not smart, doing two or more would be suicide.

The only hope for FAS is to cut costs start by reducing the MD's salary. Peter Bond at LNC earns $250k per annum, he has been given NO shares and NO options. The share price has gone from 17 cents to $2.28 (today), he has negotiated a sale of 1.5 Billion dollars worth of Coal.

Compare that with Fairstar- MD 490,000 salary, 1,000,000 free shares and many options. Share price from 1.96 to 5 cents.

I'll ask this question, if you could get Peter Bond for $350k would you swap?