247 OFFSHORE ARTICLE, REPORTS UK SUNDAY TIMES,AND VARIOUS SOURCES THAT OILEXCO CONFIDENT ROYAL BANK OF SCOTLAND NOW THAT IT IS 60% GOVERNMENT OWNED WILL LIKELY RE-FINANCE OPERATIONS , AS WELL THE MORGAN STANLEY SITE IS GIVING OTHER OPTIONS , INCLUDING SALES,AND PARTNERSHIPS . WHEN A COMPANY IS DOWN THE BANK WOULD HAVE TO DECIDE IF IT IS BETTER DEAD OR ALIVE !! AND THEY PROBABLY WOULDN"T HAVE GRANTED AN EXTENSION IF IT WAS NOT VIABLE FOR THE FUTURE .

SASKOIL