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Re: TOB post# 236632

Sunday, 02/27/2011 7:25:26 PM

Sunday, February 27, 2011 7:25:26 PM

Post# of 361132
Lets keep the facts straight. Peter did nothing on the Phase I drilling. That was the operator. Peter also did nothing to protect the companies rights other than hiring Strand Hanson and Akin Gump as law firms at a very considerable cost to the company (even though he is a lawyer himself). On his watch we have also had to go to arbitration to try to keep blocks 5&6 due to his screw ups regarding the partnerships with the block operators (the arbitration is still ongoing by the way). He has also outright lied telling us they were looking to grow the company and have done nothing of the sort for the last four years. He also said we would have news of the drilling in a few short weeks two years ago in December! Nothing yet. On his watch he also managed to place money in a high risk venture and lost $5 million dollars. He has managed in four years to draw down a $49 million bank account to $17 Million! We still do not know what he is spending the money on. Last but not least he has been trying since January of last year to get on the London AIM Listing and can not even do that (despite numerous examples given on this board of questionable companies doing it in just a few months time). Those are facts that anyone can look up. Just admit you are wrong and move on.

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