Colorado Wyoming Reserve Company (fka CWYR)

[tr8dervic]

I think the funding issue is why the new guy was put in charge. He has good expertise in that area:

"WASEEM A. SAYED PhD took over as President and CEO from Mr. Kim Fuerst as of July 1, 2006. He was also appointed a Director effective the same date. He has been providing consulting services to publicly traded companies especially those operating assets in North and/or Central and South America. He participated in a $12.65mm, 9% Convertible Senior Subordinated Debenture for Saba Petroleum Company. He provided financial public relations to Saba Petroleum Co., and during 1 1/2 years of service was instrumental in increasing market cap from $15mm to over $300mm while liquidity increased 1,000 fold. He worked with Raptor Networks Technology Inc. Management to attract $7.35 mm of equity funding during the first six months of 2004."

Good luck,

Vic