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SimplyTheFacts

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SimplyTheFacts

Re: None

Thursday, 09/29/2011 10:21:17 AM

Thursday, September 29, 2011 10:21:17 AM

Post# of 555
SNV answered my email...

Hi folks:

I wrote to Dale out in SNV this morning and he has already sent me a reply:

"Our most recent news release (August 29th) addressed what has been accomplished. Management is working diligently to provide the preferred driller with the comfort that it is looking for on our permits and approvals. That is the news that the market is looking for and will be released as soon as it is accomplished.

At June 30th, the company had $7.3 million of cash. The drilling program is expected to cost approximately $10 million, including civil work, security etc. As stated in our second quarter MD&A, we are in discussions with industry partners on a possible farm-in on our prospect or license."
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