Hey all,

Just sitting here looking at this stock and todays trading and it never ceases to amaze me. We just had what some would call (at least people who follow this stock) a very incouraging and foward looking news release about where this company's interests and main focus is now and will be in the future...the GPS. With aquiring a bigger percentage (now 38.5%) we are in an even better position now then we have been recently.

But yet again this stock doesn't move an inch. It seems like no matter what happens this stock isn't going to do anything until we have a proven resource or we start taking oil out of the ground. Todays trading is only 224k which is only decimal percents of percents and flopping between 0.025 and 0.03. There are some many outstanding shares that with all of this cross trading we can never break through to the next cent, we keep getting bogged down.

We had much more interest and way higher volumes when CQV released that they would get a 1.5% royalty from Parson's Pond and Nalcor....which is good but how is that more positive then the most recent news. I mean 1.5% of nothing is nothing....last time I checked. This increase to 38.5% will be astronomical if the GPS's become a proven resource...weather we sell out to the highest bidder or develop it ourselves.

This stock is being somewhat held back due to the amount of outstanding shares. I really hope that the AGM Dec 4th in Corner Brook will generate some hype and talk and maybe even a little news, which might slowly get this baby moving again.....but IMHO this stock isn't really going to do anything until the spring when we are suppose to start drilling again.

Rico what do you think??

Regards,