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Re: arch_oil post# 12682

Monday, 08/21/2006 10:05:04 PM

Monday, August 21, 2006 10:05:04 PM

Post# of 35788
and this board just sits back and wows you and says thats great I'm buying more tomm. Nobody ever questions anything like I do. Be careful with your money here people. If the LOI falls thru or is delayed this company has nothing but 2 wells in 18 months of planning and drilling. 2 wells !!!! Maybe 4 wells if the next two are good producers but who knows when they will be hooked up to the meter station or when we will know flow rates. Beware. !!!!! 2 wells in 18 months is simply ridiculous. The only thing that will save the share price is this Texas LOI because then no have no more execuses ( can't get a rig, don't have the cash flow, weather is bad in Texas and California and New Mexico, Lancaster is sick, we are extending our due diligence phase, we have water problems, we want to change our name but need to close the LOI's first, will be done in 2-3 weeks 4 months ago, we have Royal Petroleum debt based financing so we don't have to dilute share structure meanwhile 100 million shares have been added to the float in less than 10 months, excuses, excuses, excuses, the market is SICK of excuses why we sit here at .019

Lancaster get off your arse and get this company moving. In May when your annoucement came, then the new office, then the Tyche dividend mess got cleared up, then the LOI announcements hit we soared from .02 to .07 in one week. Why did you not attempt to build on those gains ? Why did you let shareholders down ?