Called Joel on Sept 4Just had about a half hour phone conversation with Joel. Still trying to close a financing deal. We need about 2 /12 million to close the land deal. The money to drill wells would come from them getting a percentage of the production from the first number of wells that we drilled. We are no longer doing any new workover wells. I asked him straight out if there is any reason to fear bankruptcy. He said no, that will not happen. He said up until early summer it was very hard to obtain financing in the oil patch but now things are starting to loosen up. He still has hope of obtaining financing and drilling about 4 wells before Dec 31. He said he has held back from putting out any news release because there is nothing really to say until financing is obtained. I told him that given the destruction in the share price there is obviously fear in the market that the company may go out of business. It would help if he would put out a statement to take this fear off the table. He said he would consider my suggestion.