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goingUPagain

01/19/09 2:26 PM

#1480 RE: goingUPagain #1479

as a follow-up, i do not believe they have closed the financing yet with the chinese. if you have heard differently, post as such.

there have been too many delays with this first well drilling:nov. 08, then dec. 08, then ist part of jan.09 and now we are knocking on the door of feb.09--

these delays are unfair, and i think, immoral of the company to do this baloney.

ThePennyGuru

01/19/09 2:35 PM

#1482 RE: goingUPagain #1479

It has cost 3 million dollars which includes transportation of the rig from Austraila and deposit for return of rig to Australia once drilling is completed. How much do you think it costs to ship 32 tractor trailer loads from Australia to Tasmania?