Ann: Canadian Activities Update, page-4

“Whitebark will have over $4m cash to invest in drilling programs and strategic acquisitions in Canada which have the potential to materially change the company within the next six months.”

“Whitebark and its Canadian JV partner, Point Loma Resources, have been in negotiations to purchase production assets with development upside with financial metrics consistent with the Company’s previously announced acquisition criteria.”

The above could be very interesting for us if it comes off. I know they have been trying to get this one currently producing acquisition across the line now for quite a while. Hopefully for all of us SH could be a game changer and restore some much needed SH confidence and respect back into the company. DM has been spending a great deal of extended time in Canada.Hope it pays off.

Like many have said here we need to see some positive earnings at some stage from the company.

We get the Qtly next week. Will be an interesting read just to see what sort of cash flow we are getting from Canadian operations with the Oil price being so healthy for last Qtr.

Yes I agree they can talk as much as they like and blow many trumpets about production but if the bottom line is not there and they keep siphoning the cash it will all end in tears. Particularly for us SH. Not a penny more out of me.

I support the company. I like and get along well with DM.    But we need results.

"Potential to Materially change the Company within 6 months". Big Call. Big Statement.

I will hold you to that DM.

In six months its either a bottle of Grange or a cake box with a nice fresh cow patties out of the paddock.

Wise man said to me "Keep the Positivity". Or should that be "Get the Cashitivity".

GLTAH. The Pumper.