Canada & Philippines

Natural gas, gold, nickel & sulphur

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Message: MD&A Highlights

as much as I like Altai...they are extremely vunerable....waiting for Forest/Talisman is fine to prove the play (Utice)....but there proving the play on farm-in on QEC and Junex may result in a buyout of QEC and/or Junex....and they (QEC?Junex) may have the leverage to get a fair sp....but the others including Altai w/o a JV in play now are exposed...and at todays sp the market cap....which some takovers would attempt to use may result in a steal for them...not us....although I not currently a shareholder...thing about it...Gastem has there NY play...the others may be outside the play entirely...or at lease for now. If Altai could find a jv partner to develop their leases and compete with Forest/Talisman then we would have a race.....I suggested Pearl Exploration.

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