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Tar sands

10/02/14 1:34 PM

#143625 RE: Emergcy #143624

In the whole scheme of things the cost of Accounting and Audits is relatively small but it still will be presumably in the ten(s) of thousands dollars to complete the time range outstanding for the entities in question. I gather Audited FS have not been done for Sarissa for an extended period if at all. The costs in this area are not really an issue I wouldn t think. Probably a bit time consuming more than anything but from what I recall the Company expected them to be available in Q4.

It has been about a month since the new President was installed at which time it was announced that commitment/committed funding had been secured and subsequently paid in to the Company. The specifics of those PP s should be announced without much further delay one would think - even if approvals were required as the Company advised. This information, whether it be a large amount or smaller amount, should provide further insight.

The drilling equipment had been mobilized according to the Company and with it on Site presumably the drilling activity has begun. Some initial results should be available to the Company in the coming weeks.

Tar sands

10/02/14 1:36 PM

#143626 RE: Emergcy #143624

If concrete good news comes soon the pricing should reflect that news.