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Message: Re: Update

Nov 27, 2007 07:07AM

Nov 27, 2007 07:45AM

Nov 27, 2007 08:25AM

Hi Storm,

I haven't forgot that at all, but one thing that has been forgotten however is the Put Agreement that was set in place when SCV and SXN merged back in April 2006. I will talk more about this in the coming days. Still trying to make sense of it all.

But to lay it all out there, for a 20% interest after a 3rd party took a piece, it cost SXN approx $825,000. What I would like to see is another $1.3 Million put up for an additional 30% or even $4-$6 Million for the full 100% of AleAnna. No Brainer to me, but perhaps something that is in the works when we see higher share prices. We would be giving them too many shares at these levels.

The targets in Italy are looking good as I continue my DD, and New Mexico should be an eye opener so lets just merge 100% with AleAnna and then bring on addtional partners as we get closer to drilling the targets. We generate the targets, remain operator and others finance our drilling operations.

Comments?

Cheers,

cvac01

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