what is really happening?, page-38

They have 3 weeks till next mandatory ANN.

Apart from Seismic is there any other announcements or delays that could come before a drill date? Trying to stay hopeful that this year brings some positive information flow.

What are peoples opinions on if we can drill with cash reserves? This is fundamental as if there is not enough another CR would have to be out of the question unless people have not seen Ground Hog Day. What does that leave us with?

As the CR was underwritten by the director wouldn't he also feel the need to drill as he is now funding every ones costs or soon will be with his own money. Has anyone calculated what the shortfall was?

If I was optimistic I would say the seismic should be done and and a crew should be being assembled for a definite drill date.

If I was pessimistic I would say the seismic will produce results showing a viable opportunity on someone elses land which will start the merry-go-round again with LUA or purchase which is just more and more delays.

Are there any other options for this company?