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Re: Belg post# 11343

Sunday, 10/25/2009 3:07:57 PM

Sunday, October 25, 2009 3:07:57 PM

Post# of 42999
Crude oil nudged $82 on Friday and closed at $79.64. The forecast calls for $92 by the end of the year. If the MRT were going to refuse EEGC,why haven't they done it by now? That's because of the pressure they are receiving from the Tasmanian investors. That's why they put out a preliminary statement about relaxing time requirements for leases. It's all leading up to approval for EEGC. Oil over $80 a barrell, MRT approval of EEGC's application and a rights offering which is all but sure to be approved. I'm holding tight. Howard has been saying "patience" for a long time. We won't have to be patient much longer.

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