From Vast MD&A...
During the nine months ended October 31, 2007, the Company began the process of exploring the possibility of acquiring oil and gas concessions in the country of Kurdistan. Accordingly, costs totaling $228,724 associated with this development project have been capitalized as at October 31, 2007...
The Company is optimistic and continues to investigate its strategic alternatives. The Company has recently hired a new CEO and management under his direction will review all of the Company’s assets. The alternatives may include, among other things, revisions to the Company's strategic plan, asset divestitures, operating partnerships or identifying additional capital sources. The Company does not intend to comment on developments regarding the evaluation of alternatives until such time as the Board of Directors has approved a specific course of action or such a decision regarding a specific course of action is probable. There is no assurance that this process will result in any changes to the Company's current strategic direction.
