Ann: Quarterly Cashflow Report, page-44

Shift ..agree, but not only that why would Cmon even consider 88e
as even on the radar as a stock you and I would consider...for a start

1..The stock has now 4,600,000,000 shares on issue with a further
capital raising in progress....

2. Exploration costs with the 'Icewine' project would be enough
to chill you to the bone ..at $17 mill..a well {no misprint}. Not
only that but targets are based on only 2D.seismic..

One wonders despite Cmon's apparent expertise in "desk"
assessments on available evidence,whether this sometimes
clouds judgement at the "coal face" as what constitutes
an attractive E&P ..stock given a "reasonable" cost/benefit
basis at the very "junior" level. "$17 million" per well is not a reasonable risk for shareholders
compared to FPL..despite the prospect of perhaps "billion"??? barrels.
If it costs $17mill/well imagine the costs of production..etc..and 88e
do not have an ajoining producing Field to run the numbers off..!!!

Cheers