Parabolic Breakout Retrace, page-12

I have to agree Mike.

This is research by innuendo/conspiracy.

The logical thing would have been for Conoco to become involved, however they have spent significant sums at other projects on the slope and have just made a whopping loss, as have many oilers of late with the low poo.

I like/love a good conspiracy HYPOTHESIS, as this is what it is until proven a theory (sorry guys just my early scientific education coming thru there). But I have learnt in the last 5 years ABSOLUTELY NOT to allow such things get in the way of facts via annmnts because of major losses incurred in this period and even then one must RUN A VERY CAREFUL RULER OVER WHAT HAS BEEN ANNCD.

Its great for the likes of Steve to present such info as it does support our hopes of further success but it only does so by CIRCUMSTANTIAL JUDGEMENT, and not fact.

As Steve says re the Farm-in, patience is required as its not a short term process and would expect to take a few months MINIMUM. They need ALL the data sets and lab results to present to the potential Farm-in -ee. This is where we are likely to find out if its Conoco.

IF Steve L is correct, and its a BIG IF, then the Farm-in will come that much quicker given Conoco's POTENTIAL understanding of the slope via Basinski.

Absolutely great if Conoco have come back to the table and would illustrate the inherent strength of Icewine as a project as long as we don't have to loose massive value for such a high grade partner. BUT lets not assume this will be the case and create UNREALISTIC MARKET EXPECTATION, as mentioned recently in another post.

d.