Ann: Magna Cambay Transaction Update , page-15

HotOilers,

I didn't ask about future raisings.... I would not expect Ron to release that kind of information without a Price Sensitive Market Announcement.... if you could get it in a phone call ... it would be insider trading IMO.

I hold a fair amount of Options myself and I would prefer there arn't to many more shares issued because they are being diluted. I would expect Ron wants the Share Price to climb on the Flow Test Results, not only because there are a lot of OEX Investors still in the Red from the outcome of 76H, but also because OEX would get a lot more bang for their buck when the share price is high at time of a raising.... and we current Investors get much less dilution of a significantly bigger Pie.

Personally Im expecting big things from 77H. I asked Ron about the difference between 73V single 4.5 inch hole, compared to 77H with 8 Fracs. He would not suggest a likely flow rate.... except to say that 73V only had one Frac.... whereas 77H would have 8 Fracs over the 350m Horizontal section. In my mind.... Best case we could expect.... 8 x 73V Flowrate....but that is just my guesstimate! Only the Flow Test Results will tell....

Good Luck to all the OEX holders!