Freestone Resources Inc. (fka FSNR)

[RiskGuy]

Again, frustration acknowledged, but my impression from the meeting was that they were very open and offered some detail about any questions asked. There was nothing in the meeting to conclude that we should be expecting news "next week". Next month, perhaps but as SteadyT mentioned, they are trying to arrange funding without giving away the store which VC's have a tendency to demand. They did, however seem confident that the results from the field tests gave them what they would need to be successful in arranging funding. It was clear that they maintain that they do have viable working unit that exceeded spec requirements for removing solids from a spectrum of geological formations and that they are able to recycle both production water and frac water at what Jimmy (informal conversation after the meeting) characterized as very inexpensive. They believe the business model for water will be very profitable.