Dear CIGAs,

I know more than any other writer on the consolidator subject.

The Consolidator has made every effort to dress up as the quiescent producer.

Now the Consolidator has joined the Asians and Middle East in competition to consolidate the junior production and exploration industry.

This is fact. Believe me I know.

The stockholders of the junior exploration and production companies do not, nor do they believe this is the real reason behind the depression in prices.

The Consolidator is out there shopping hard.

Regards,
Jim (Jim Sinclair)