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Re: None

Wednesday, 02/27/2013 12:04:21 PM

Wednesday, February 27, 2013 12:04:21 PM

Post# of 21090
Just my perspective.
Delisting: I did not want to hear that management is "exploring all option" after this period of time. I want to hear that you have a plan, what that plan is, and that you are executing it. I own shares not an exploration contract. The only way I have to monetize is in the stock market. He did say they WILL maintain the listing, so a small bone at least.

Tullow: Very positive, possibly enough to offset the delisting issue. "..the team that was working on the Ghana exploration is now working on Guinea" You could have dropped that little nugget earlier and more prominenetly in the presentation, I think that's pretty significant.

Mystery Money: The $10 mil is gone, get over it, we blew it, it ain't coming back. Personally I think it was quid pro quo to a certain oil company who gave up a similar amount in the past. But that is just my fictional account. At least it's a wash overall.

N/S report: Good stuff but basically all of it was in the report.

Business Plan: Pretty much as expected here too. Guinea offices already shuttered. Staff reductions will limpact fiscal 2014 starting in June. Partners to share some severance costs if I understood that correctly.

I give the presentation a B- and sold some trading shares as soon as I heard the comments on how they are grtting their teeth and hoping for the best on the delisting issue. we'll see if I'm a fool.