Sharky:

I agree for the most part with what you say.

However, just to keep the ledger book straight.

1. Pod 1. Unmitigated disaster due to panic shutdown and then the enormous remediation costs due to the undercapitalization which caused the shutdown and loss of productive capability.

2. The entirety of Petrolifera has also been one collosal wasteful fiasco.

3. Luke Energy. A very expensive misfire due to very expensive cost of acquisition due to bad timing. In the present natural gas pricing environment I doubt this will be a beneficial capital expenditure upon the sale. Assuming there is one!

4. Montana Refinery. Well, should get one out of four sort of right.

5. Assuming Algar continues gaining momentum, that will make two for five. Books will be within 20% of breakeven statistically. Statistically, not financially. Just look at outstanding shares and the SP. That is all which one need look at.

I know that you feel much the same way. Not critical of you. Just keeping the record in the open for all to remember.

As for the SP, the institutional "mo mo" boys are still not done playing their games. But getting close!

Brian