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Re: oildragon post# 7686

Wednesday, 05/23/2007 1:11:29 PM

Wednesday, May 23, 2007 1:11:29 PM

Post# of 21290
Here the answer of MXXR on my mails !!! Today !!!



Gunter,



You sent 9 emails so far today. It is only 11 am here in Louisiana. I cannot take too much time here, I have been at ORX’s office this morning regarding Clovelly. I have to visit later with someone from there that I was unable to see yet so far today, so I must go soon. But if you read the filings you will see that Kuma has been loaning the company some money to pay for drilling. They have got 10% interest in stock and the loan is to be paid back in 2 ½ years (basically 1 ½ years from today as it is about 1 year into it). There is some dilution as in the 10% of the loan amount. As far as what I am working on here in Louisiana there is a lot more than just Clovelly and it just takes a bit of time, but it will all come together and it will make sense. But information will become more forthcoming as things are on a roll again. They will be announced in part, but the picture in its entirety will become much clearer.



John


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