Lots of anger here, lots of frustration. That too shall pass. But let's look on the bright side of the present and consider the future: CLL producing 25k+ boe per day by the end of 2010. Let's say oil is trading north of $60 and CLL's costs are $25 per boe. Hmm.... potential gross profit of $35 per boe. Multiple that by 25k and by 300 days of production (allowing for downtime) and presto! you got a nice little cash machine. That ain't bad, is it? Cash, cash, cash and more to come as they ramp up to 40k over the medium term. Barring an end of world scenario in 2012, this company could still make us wealthier than we are today.

I think many of us long suffering shareholders are making far too much of the dilution. C'mon, you had to see it coming! Would you seriously have preferred that they take on more debt? Debt worries me, dilution doesn't. This is a junior company, of course they're going to issue more shares to grow. Heck, the banks do it and noone's moaning about that.

Okay, I'm just repeating what others have said. But let's get over the dilution, forget the shareholder revolt/ OSC complaint and get back to pumping DG to build Algar, asafp. BTW, haven't they already completed 40% of the work (as per the latest presentation). If so, isn't it possible that upon recommencement, they could complete the job in 200 days?