the caboose is warming up, page-10

Hi zak125,

I can only assume that you are new to MHL and have not spent time researching the background of the deal. To help you get started here is a section from MHL's announcement.

http://www.hotcopper.com.au/post_single.asp?fid=1&tid=663455&msgno=2813732&getNext=1

//MHL's ASX 14/04/2008 announcement:

Monitor Signs JVOA with Sentry Petroleum Ltd

They added the caveat:

# //Sentry will assume full operational responsibility after the conditional 90 day period (or earlier if conditionality is waived) for the work commitments, earning phases and operations.//

Also from Far East:
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=665365&msgno=2826105#2826105

http://www.energymetals.net/userfiles/file/uraniumtext21april08final.pdf

This should answer the question that some have been asking about Far East Capital still holding an interest in MHL and what they think about MHL.

Cheers,
Brantley

# FAR EAST CAPITAL LIMITED

# www.fareastcapital.com.au

# 21 April, 2008

# Analyst : Warwick Grigor

# The oil projects have been farmed out to Medina Group Ltd, a specialist oil and gas investor based in Hong Kong. Medina is to spend US$13m on exploration to earn 85%. Note that Medina has to fund mobilisation and demobilisation costs on its own account, in additon to the US$13m.

This could be worth quite a few million dollars more to MHL.

# Investment Perspective: MHL is has been a favourite stock for day traders, often moving in large percentages on very high volumes – but that aspect of the stock market has taken a back seat for a while. Its main game is the oil and gas interests in the Kyrgyz Republic, which are now to be fully funded by the joint venture partner. The uranium interests are small at present but interesting. MHL is a cheaply priced energy stock.

# (Disclosure: The author and associates owns shares/options in MHL).

Cheers,
Brantley