waiting, page-16

Hi Roz,

I am with you, I just wish I had some spare cash, but unfortunately I'm broke, the sp is low but must be due a huge pop once things get going again. Small cap yes, but money in the bank, potential of a substantial find in the Waugh prospect, and basically no value put on it's acreage in the West and such a small share base compared to some other small cap oilers, At around 450m shares any discovery will have a major correction. Even a small raise in MV, makes a big move in sp, a relatively small value change to say $30 to 50 mill MV and the sp is 6 to 10C or 600 to 1000%+ gain.

JMO