"...when we have received $150,000.00 we expect to bring in the drill rig..." is not a promise to do so. Perhaps they were looking for a faster takeup with the offering, but had to alter plans.

In any case, it is clear they were not definitive about the 150 thousand dollers.

On another observation, they offered a 60-day selling period to be followed by another, if needed. We are now deep into that second 60-day period, and I have a sense that as the 120 days expires, the company may proceed to drilling using whatever funds are available at the time, assuming the full 2 million is not available beforehand. ...just an offhand guess.

VP