Ann: Capital raising under Share Purchase Plan , page-32

re: Ann: Capital raising under Share Purchase... Despite all this, we must consider ourselves lucky that we are still operational in Malolos.

I know of a major Oiler that is currently doing a huge workover program with some of their older wells.

They have spent 4 million alone on this one workover. It was going for 8 months, they had junk stuck in the hole. The budget blew out and they chose to cease operations and abandon the well. ...after $4MIll !

Now this was a major, with all their expertise, drill crew from Australia, US and Canada, and thats just those i spoke to directly.

So my point, while we're all dissapointed, this happens to the best of them. Consider yourself lucky that right now as it stands, we are still in this.