They dont need to address the options(MHLO). Options expire...

They dont need to address the options(MHLO). Options expire worthless everyday for many companies. MHLO obviously have no chance and its been that way for awhile. MHL will just let them expire as they should.

The concern is the seemingly lack of urgency with this mob. Everything moves slowly and drags on.

How hard is it to find a suitable project? junior oilers are constantly announcing buyins and farm in. We haven't found a new project, let alone began due diligence or raised funds.

These people seem to do things backwards.

They must realize that everyday they are burning cash, yet we have no current exploration activities. Before long we will need CapeLambert to stump up again for working capital.

They just need to bite the bullet. Budget $2mil. Shop around for something in that price range. Announce due diliegence and a nice presentation.

Then announce the 0.2c rights issue. Aim to raise slightly more than needed. Maybe $3mil and maybe have it underwritten.

The longer it takes the more we are becoming a 0.2c stock.

Maybe they found another Trinidad project worth $200mil this time?

My preference is definately for another oil play. Uranium is great but it takes forever to come to fruition. Lets just get a 400bopd prospect in Texas or something solid but not spectacular.

Then springboard off that.