progress report # 8, page-32

msinosich

I know it's hard to watch the water boil but do take look where we are now - just at front door into Gawain, grace with a potential of 5Tcf.

Unless your source knew something that we don't, Gas or No Gas is a 50% chance by me ....... if there is gas, i assure you ENI will find it and when we do, i think it's not too much to ask for a $1-$2 share price in todays market. Also look at BCC latest presentations, they quote between $7 - 10$/mscf so if a fullly 'developed' and'derisked' well could worth over $5 Bil per Tcf and we have 20% in Gawain.

Be patient , stick to your investment plans and don't look at the sp if you can't.

Cam