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Motley

02/21/06 1:55 PM

#406 RE: ken1844 #404

Ken, you're right on both points.


The reference to a dairy that you’re recalling is from the Jan. 23 story from Smart Money.

“Phone messages left for Trans Gulf Petroleum's management weren't returned. However, an unidentified person who answered the telephone described the SulphCo project as a small operation housed on a dairy farm in Fujairah, located on the Indian Ocean side of the Arabian Peninsula far away from the major oil-refining operations in the Persian Gulf. “

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I have no comment on the alleged phone call. But the dairy is irrelevant. SUF will be operating at the port. Smart Money’s statement is true that “…Fujairah, located on the Indian Ocean side of the Arabian Peninsula far away from the major oil-refining operations in the Persian Gulf.” But, this is not relevant either. What Smart Money avoided saying was that Fujairah is the location of the third largest bunker fuel terminal in the world. So, the reader was left to assume a negative conclusion.

Regards