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Re: mikeyrags post# 120

Thursday, 10/14/2004 6:37:03 PM

Thursday, October 14, 2004 6:37:03 PM

Post# of 369
Mikey -- I'm in too at .14 and agree with you on a pop on any substantial news because of the extremely low public float here. Most of the shares are held by management and the Fowler family that liked the idea of taking their oil/gas land and business to the public markets for eventual liquidity after they have tapped those reserves and begin selling futures. I want to confirm what management has been telling us about the shares OS and the low public float next week with the transfer agent.

The CEO has been in Alaska at the property all week. He should be back at the first of next week. I'm hoping for a PR with some good news when he gets back.

Anticipated News Items:

--GeoScannex confirm oil/gas reserves from Remote Earth Sensing.

--Drilling dates and timeline

--Oil/Gas Executives join the team

I think we are extremely close to getting news on any one of these items. I know there are tons of people sitting on the sidelines here just waiting for this awful trend to reverse before buying back in, but once that buying starts, I think we could see it rise as quickly as it fell.

Let's watch and see...

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