so whens stokes kicking off again..., page-21

PC43,

You made me laugh, but No I'm not Eric and if I wanted to do a deal, I wouldn't go behind your back to try and pull it off.

As for Buru Energy, well there are quite a few arguments regarding how to go about giving the current shareholders an equitable share in it and at the same time not have it high jacked before it has a chance to prove itself. Too many arguments for and against so best leave that sleeping dog lie.

I see Eric is to resign from New Standard Energy as he has too much on his plate. So he will not be on the board of the re-birthed Hawk.

Arc/Buru should come up as one of the substantial holders on the re-birthed Hawk/New Standard if the 20% that they currently hold in New Standard is anything to go on.

On what I can work out with the limited info that I have at the moment is that they should receive about 14 million of the 70 odd million that satisfies the acquisition of NSE plus they could participate in the capital raising and increase that figure. So you could say at least +10%.

As you are probably aware, Hawk Resources ASX release states the following regarding the Shares and Options on Issue or to be issued:

Current 33,637,501
Acquisition of New Standard 70,405,508
Capital Raising 32,500,000

TOTAL Shares post merger - 136,543,009

TOTAL Options post merger - 27,800,000


PC, I find myself being constantly critical of Arc, which I don’t think is healthy and at the same time I’m still positive about its future.

As for the delays and the inconclusive outcomes, well I guess it would be fair to say that the frustration a lot of people have felt while patiently holding ARC and at the same time watching many other stocks have their run of glory is just a little too galling for words.

The way I see Arc’s performance over the last year or so is that it fits in the category of “Spilt Milk”. There is nothing you can do to change it, however, it would be wise not to forget for future reference.

Good luck with your upcoming drilling.

Regards,

MI