what happend to vic/53, page-3

Thank you Benmoff. It's a little dissapointing the STU did not inform its shareholders and one had to learn it from a JV partner. That sends worrying signals to me about management.

The fact that the option was extended tells us that (a) STU are still considering whether or not to drill a second well and (b) the other partners in the project do not have confidence in the project or do not have the funds to drill their own well.

No doubt the STU technical people will study the seismic and drill data from the previous hole and will make a recommendation to management. If they recommend drilling another 28 million dollar hole I would want to know on what basis and what is different about the geology and geophysics at this site compared with the first site. If I could not see that data, or was not coninced by it, then I would ask myself do I want to take part in another 28 million $ gamble or should I divest part of my holding in the Company. Interesting times.

Again thank you for your research.