RLEOA, page-69

adl

the quarterly isn’t due till end of April, but in this case, they may try and bring it forward to raise the appetite for the exercise of the options.

Given the timeline now, I don’t think we can get an extension and the requisite shareholder approval, so it will be all hands on deck to get the funds via a higher share price.

an ananouncement on the reserves would be very helpful, although timining on this will be very tight. Im also hoping we can get some progress on the gas sales, a farmout or something committed on the pipeline.

These will assist in getting some incline in the share price, but will it be enough to get the options all exercised.

Time will tell.

AL