Ann: Investor Presentation, page-41

Mike imo a cap raise will happen because we have many wells highlighted to be drilled and we don't want to farm everything out, plus we have a JV does farming out everything really look after them, surely they would want wells drilled and they don't have the cash imo. If we say farmout from now on everything well we may as well join with for example OEL or another producer and get on with it all.

Plus how long is 88E wanting to fluff about 2 yrs, 5 yrs 10yrs. IMO 88 is here to secure multiple plays as soon as they financially can, then on sell in T/O. That's my take on things. So in order to get our mojo back we need successful results and that needs multiple millions to execute that process and time. Plus with the biggest holders on the LSE they will require opportunities, if non coming they simply move onto other investments, that's how SI's work.

Simply doing 1 well year isn't going to cut it for me. I feel we need a more aggressive drilling plan and finally make a statement in Alaska. But agree Dave is a smart operator and he will do the best for 88. Have a good day Mike off to celebrate my 50th lunch will family, seafood here I come. GLTA.