Al,

Thanks for taking the time to call Peter and bringing the updates to us.

So far FNC has been riding on the coattails of NOT.

Who does not have a website – even small companies in 3rd world countries rush to make a website today. Why does he not want to show us his hand?  IMO he should be waving his hand to show he is alive and kicking – has the goods, has plans, has money to drill.  How do we get Corporate info – Management and BOD bios?  Do we need to call him every time we want some info?  His NRs don’t say much and never have his contact info at the end anyway.

He is not planning to do a PP and he thinks he has money for drilling but no definite schedule for drilling and not secured a rig.  It appears that he is just sitting and waiting for someone to make him a spectacular offer. 

Their map released via their NR of Oct 17 shows a survey done in July/Aug 2003. 

Almost  all of the other McFaulds players are all connecting with their investors through their websites.  Website means some work for him.  This man must have a very clean and neat office.  FNC has been feeding off NOT’s promo work.

Not trying to bash, just tired of waiting for this Man of Few Words and Little Action.

Iroh