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Message: Update

Re: Update

posted on Feb 24, 2008 04:50PM

Hi 2crude,

Here is a link to the annual p/p/p report that you speak of, but they are effective Dec. 31, 2006 and we are a much different company since then. This report was prepared in April 2007, and I would suspect another annual report filed around the same time this year.

http://www.sedar.com/CheckCode.do;jsessionid=0000nAnanPiaS3xtKoX5mvyB37W:-1

As for the North American Engineer report it was discussed in the last news release on Feb 14th, 2008 and put $18.5 Million price tag on the reserves.

http://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00005554&fileName=/csfsprod/data86/filings/01216656/00000001/d%3A%5CWorkspace%5CSEDAR02142366E00005554.pdf

As for Italy, I would suspect a news release similar to that of the North American Report very shortly, which will give us a price tag on our European assets. The only thing left to do after that is drill drill drill, and start promoting this company and maybe pick up a little bit more AleAnna while we are at it ;)

We have all the ingredients, just no promo, which is a struggle for many companies, but Im hoping things will change very soon on that front.

Cheers,

 cvac01

 

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