Ann: Target Statement in Response to Drillsearch Offer, page-4

Interesting article on Magnum Hunter from Bloomberg below.

http://www.bloomberg.com/news/2014-06-27/magnum-hunter-turns-891-million-in-debt-into-138-gains.html

Have you considered that maybe the Ambassador directors actually have legitimate concerns about owning Magnum Hunter stock? As I pointed out previously we're not talking about Exxon Mobil here. The company is speculative, and I believe greater risk than Drillsearch shares.

Last year, PricewaterhouseCoopers LLP raised questions about Magnum Hunter’s valuation of its oil and gas properties and reserves, taxes and loan agreements. Magnum Hunter fired the accountants, according to an April 2013 regulatory filing. In a letter that month, PricewaterhouseCoopers said Magnum Hunter’s financial reporting had “material weaknesses.”