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Message: MF has returned

MF has returned

posted on May 26, 2009 11:51AM

Mike Foley has returned and is in the office today from overseas.

He plans to issue a statemnt this week. Some of the developments are unpapered at this juncture and in the works. His train of thought is best not to mention it as it may hamper relisting efforts until finalised.

The BCSC situation stands that the commission has asked for a clarification of the formatting. To be specific it concerns the auditors choices of expensing or capatalising. I refer you to mr drysdales post concerning this to help understand the matter. The filing of the 2008 4 quarter has been also requested. MF signed the document this morning.

He is addressing the CNSX today as well.

As far as his travelling road show went

He met continuously with hi level officials from Noc and the oil world of libya.

he met with the Libyan Foreign Investment Board to discuss the extension of thier contract.

He had two emessaries sent to have discussions on furthering the project in Tunisia

As a result of an NOC introduction, he went to Paris to meet again with financiers who have done business in the Libyan patch for over 10 years. The financiers are of the most capable sort.

That is verything pertinent

royrogers

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