in addition... they were able to renegotiate the drilling rates the later half of this year because of the drop in demand. They will do this for sure again as they are now the ONLY game in town... I wouldn't be surprised if the rates dropped 25% - 50%. That coupled with the drop in gas prices... will mean whatever their burn rate is will go much farther OR they will be able to reduce it and still execute their exploration goals.

This is great news for all shareholders because it virtually guarantees KXL will have more than enough funding to get through this credit crisis.

m. z.