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guppyworldwide

03/06/07 10:10 AM

#608 RE: chaoslord #607

I sent this E-mail Yesterday...again...let's see if we get a response...I will share it with you guys if I do.

Subject: Concerned investor.

Greetings.

I have been a fairly large shareholder for quite some time now in Bedford Energy. I have become quite concerned with the lack of information pertaining to production, drilling practices, and the companies finances. Any meaningful news for that matter. The fourth quarter report is quite late.

Would it be possible to detail some of the results? Items indicated in the geological report are quite concerning.

On what basis do you guys think that the Grace wells can be dewatered? I have never heard of a gas zone that can be dewatered and improve in production with the only exception being CBM which improves with dewatering, and is a completely different mechanism altogether.

What are the plans for future drilling? Are you guys going to drill around the Grace wells even though the results appear quite marginal?

What about the up-hole zones that have been completed? Any news on these? And the equipment buy and sell venture??? Any success?

I was also searching for reasons as to why updates haven't been delivered as promised. Is there a strategic reason why we don't get any updates even though past PR's promise them?

I apologize in advance if I sound negative, but I am starting to lose faith in your company, and lack of professionalism and was looking for some explanations to ease my mind.

Thanks in advance.
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kmx_swing

03/06/07 10:25 AM

#611 RE: chaoslord #607

without the news of HOW and WHEN it can be fixed (blow out) it makes no sense to issue any PR about such accident.
For me "the blow out case" has been managed in excellent way.
They fixed it within two days and they have informed us. To inform the public "We have the blow out we do not not how to stop it yet and we have no idea when we will succeed to stop it yet" makes no sense and it is not helpful in any sight.