why is it up... rio puerco is the key, page-4

What news are we expecting?

• Apex Scoping study completion - Feb ’07
• Drilling of Lily - March-April ’07
• Acquisition of new projects - anytime
• Permitting of Rio Puerco - anytime 2007
• Regional geophysical survey follow-up - June’07
• Permitting of Apex-Lowboy - late 2007
• Drilling of new targets - August’07
• Production at Apex - 2008
• Production at Rio Puerco - to follow

All the above are expected .... HOWEVER, I am also expecting something from left field???

AND .... The Nth Americans are buying!!!

cheers