Netco Silver Inc NTCED

Deal with Nation Energy

[bestguesstoo]

My understanding is that Netco will acquire a 9% net interest in the proceeds of a test well that Nation will drill in the near future. The previous test well stuck water for whatever reason, maybe because the drilling went too deep, who knows. It's my understanding that the new well will be drilled by a different group that knows what they are doing. The potential wealth from a well that could produce millions of cubic feet of gas per day in a field that could contain trillions of cubic feet is tremendous. One well could make Netco. The first test well cost in the order of $7-8 million, the new one should be in the order of $1-2 million. Netco's cost is only about $750,000; miniscule in the scheme of things and they still have money to spend. IMHO, I would say this is a good gamble. BGT