Replies to post #48 on Rolling Thunder Exploration fka ROLA

[kanzler]

Pericles,

at first I didn't understand the PP either. But then I listened to the COPIC presentation a second time with focus on financials. When explaining the 3D-seismic slide at Teepee Creek, Peter Bolton said that the deep wells were not included in the $20 million 2007 budget. These wells will be drilled in a newly discovered pool at Teepee Creek - and of course could not have been foreseen when planning the budget.

So this can be taken as an announciation of a capital increase and it makes the private placement plausible. costs of deep wells in this region are in a range between C$1.5 aud C$5 million for drilling and completion.