I think you are way too pessimistic about the company, its performance and Goldman's advice. To my knowledge Goldman was hired to look at the most recetn proposal which got leaked to the public and thus the company had to issue a releae adn identify Goldman's role. I do nto know if they had done other work for the company.

the world changed quite a bit since November as oil rpices are high and strong and bitumen prices have soared so what was $40 inQ3 is not over $70. All this extra except for a drop of royalties falles to the bottom line. The refinery had a great year and we are still waiting for conventional to get sorted out with the multifracs at Penhold and Twining.

There is according to the latest release lots of money to repay the debenture and we nwo await approval of new activity onPodOne and Algar. Further we should shortly see Algar expasnion approval and a new reserve report - remember those 80 coreholes in early 2011.

Ofcourse there is now specualtion on the company being in play with the announcement of Goldman's role and Gusella out of there, whether he was a barrier or not. I think he wanted to gow the company but everyone seems to think asellout at some premium to current is the way to go. Either way I think the stock is going up.

But still keep your eyes on Bessell and Seth as they are the last of the remaining Mohicans who appear to be independent, so Goldman will have to show them the best deal for sahreholders, I presume.

Have a nice specualtive and upside day, even tho oil prices are down a few pennies!!