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Re: None

Tuesday, 01/10/2006 7:13:20 PM

Tuesday, January 10, 2006 7:13:20 PM

Post# of 275
I spoke with director John Gaetz today and the gist of the conversation turned upon the unsatisfactory relationship they are experiencing with Energy 51 [operator] who is not keeping IWNN informed about the progress at the well at Sylvan Lake.

He says he does not know the exact status of the Sylvan Lake well except to say he believes it will produce commercial quantities of product.

They are working at this moment to resolve the Energy 51 problem.

Concho Dome while not having operator problems still has not reported precise well production figures but supposedly these will be reported soon and again according to Gaetz will be commercially viable.

I told Gaetz of the exhasperation investors are feeling at this lack of PR on the part of IWNN.

I was pretty direct about my own feelings on these issues and asked if I could report back to other IWNN shareholders that he[Gaetz] would be providing an update very soon.

He said he would

We shall see.