Hope they can get the leases back. Considering the reasons why...

Hope they can get the leases back. Considering the reasons why they did not meet the conditions of the leases they should have a good chance of doing so.

There are many questions unanswered at this stage. It is hard to fathom many things:

1. We were told we secured the assets of BNP Petroluem via the Blackgate acquisition through the courts on May 6 2010. Why then did they still have to go to court to settle some issue we were never told about?

2. How come the directors never told us about losing certain leases, most importantly the ones at South Sprint. They signed off on updates stating they were planing on either joint venture or dong production work alone on the leases each quarterly.

3. I have been watching the stock for a few months and it seemed to me it was being supported by someone other than the usual shareholders. All those 500,000 buys looked like someone with inside info, even the last few weeks of trading were solid. There did not appear to be inside selling at all.

4. How can the directors who were involved in all this still be accredited when they have not acted in the interests of shareholders or held their responsibilities as directors. Mr Hamilton, Mr Willis etc.

5. The borrowings from EDM, AEX, and AKW need explaining.


If they fail to regain the leases management of this company raised a lot of capitol to secure the assets of Blackgate only to lose then a short time later for failing to do anything with them.