resignations, page-2

I should have mentioned for those of you who did not know. The outgoing Chairman's address today dealt in some part with answering the statements made by Kelso and McKerlie.

Drillsearch made inquiries of Deloitte and of KPMG as well about McKerlie's claim he was once a Managing Partner at both Deloitte and at KPMG. According to the ex-chairman the replies he received back from each of these companies stated this claim to be untrue!!!!!!!

JE