I would like to add a couple of points from the conference call. The 300 days to production information for POD 2 after the license is granted,, needed to add another 30 days for commissioning before production starts and then rampup after that. There is no need to raise any capital for 2008 and for 2009 unless there is further unanticipated expansion of the Montana refinery. They are sitting pretty with capital and are confident that POD 1 will produce more than 10,000 bbl's but will have to apply for a license to produce more. My take on the entire call was extemely positive and confident. There were several investment houses who asked questions, which tells me that we may start to get more coverage and more investments from some of the bigger boys in the near future (my opinion). These guys (CLL)were well spoken and knew their stuff and were very very satisfied with the way everything was playing out. The weather was co-operating and the oil was flowing more than expected versus where they thought they would be at this time. They also mentioned that some wells would be at full production in the next few days, some in the next few weeks and some in the next couple of months before they know what full flow capacity will be for POD 1
If that's true that's not a bad news.