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localoil

05/16/07 4:40 PM

#5721 RE: Spunkyknight #5713

"REPLY: You sound like a broken record and you never address the real issues."

OK. Identify what you think are the real issues and I'll address them.

"1. While from a personal and moral perspective, I can see that you might want to help keep things clean and tidy down at the wells (and that is an assumption I am going to give you at face value for the sake of this point)- Why don't you explain to me what that fark that has to do with my investment?"

Everything. You, as a stockholder are in a position to assist in seeing that business is done in a transparent, businesslike manner. If that is done then it's good for me as I am invested in the area. I think I've said that before.

"I bought this stock to make money, not change the LA oil culture or clean up Pine Island. If every baby duck down there gets slicked with oil and every baby born has birth defects from the pollution, I would be horrified. But that is totally beside the point of owning this stock. That is a totally different ballgame with different rules."

You're absolutely right. But consider that with the new rules, any spill over 100 lbs is reportable. Even a 30 BBL spill can be $40 K to clean up. Got any idea how many $ your company has burned through in cleanups since November of last year?

"I already bet on this horse as did everyone else here who is a stock holder. How is that so hard for you to understand?"

It's very easy for me to understand. And what are you going to tell me now, that you the facts as you understand them now are the same as what they actually were when you invested?

"This is not your game. It's my game with my ball and the other shareholders are the players here. If you want to play, then buy in."

I will when it's time.

"If you really are such an industry expert and a sub contractor as you claim to be, then it might be good for Lanza to hire you as a field manager to get things in order."

I have never claimed to be either an industry expert or sub contractor. Kindly show me/us where I said that.

"But you just want to stroke yourself here."

Show me where I have ever "stroked myself."

I have asked this of you more than once before:

"What is your agenda?"

And I have responded to that same question repeatedly and publically.

"-Perception of the value of the company. PERCEPTION, which has very little to do with the facts of the matter."

I especially detest having my perception "managed".

"So, thanks for whatever facts you have given..."

You're welcome.

"Maybe you should look at the big picture."

And what part of the "big picture" am I missing? The BP to me is that to be successful you need a clear vision (like not claiming that C02 is going to be the key to greater recovery at depths for which that technology is unsuitable), management to get you there, and a net revenue position that makes profitability possible.

"Maybe those short comings in your perspective combined with a few inequities are the reason you are coming here to get attention instead of sitting on your yacht in the Bahamas."

I'll save the yachting for retirement, thanks anyhow.

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localoil

05/16/07 5:04 PM

#5724 RE: Spunkyknight #5713

PS

I think I'm going to buy a few shares so we can quit having the "not a shareholder" discussion. I haven't found it to be very productive.

I was reflecting on the human tendency to place no value on things which are freely given. I was recalling that when I got The Pitch from Red Chip that I had had somebody in the field do some checking for me and then, after the Hank video "It's flowing PURE OIL", I got somebody to identify the Davis and Reslin wells and furnished the board with the name and contact info for the owner at the time (not Dragon), gave the unit numbers and walked you through, one step at a time how to publically confirm, through the State, from the comfort of your desk, what I was saying. At each step I stated what I thought and why.

I think the PPS was higher then.

So, to alleviate the "kill the messenger" and "I don't appreciate what I don't pay for" syndromes, kindly consider this a bill for services rendered and tender a check in the amount of $2,000 to the Louisiana Oil and Gas Museum, in Oil City, LA, 71061. You won't need any more address than that.

I'm kidding of course, good luck to you.