Folks,

There is a ton of mispections on the financing ($12M) announced this morning. It is a good news/bad news scenario. First off, there are NOT warrants attached to the general purchases. Under Canadian law, these funds MUST go into exploration. They can't go to G&A, acquisitions, etc. This will be to develop Henday and Russell South projects, etc.

The shares were bought at $2.40, which is below todays price - expect it to be north of $2.40 soon. I'm also expecting next week to get assay results, and they should be very good. This summer we get one rig on a barge and two on the shore to drill the project at Roughrider. If you believe they know what they are doing hold on and wait for the ultimate prize.

It's going to get interesting, that's all I think. I'm holding on.

Good luck to you.