Regent Ventures Ltd RGVNF

RE: MAY SYNDROM

[redoctober777]

Good overall analysis HOBAC. Speaking only for myself, I first took a position in REV in anticipation of a find at Red Mountain. In retrospect, while there may be potential there, the value of REV vis a vis other junior mining companies is "average." And the whole Red Mtn. thing wasn't really handled very well. If I am looking for a high potential junior mining outfit, then REV would not be my first or even second choice. (Neither would TIO!) When the oil and gas deal with McCallan was announced, I expanded my holdings in REV because the potential of the Polish O&G deal dwarfs (although some may disagree) any potential that REV's mineral properties may hold. I continue to hold because it appears that Aurelian, McCallan and Poland may be close to finishing the wording on a JOA. I hope that there are no more legal documents to be signed after the JOA. (Anybody care to comment?) The other fact that gives me hope is that Wolfgang and REV management want to make money, and they won't make money unless the stock price rises. Once they are given the greenlight by the TSX-V to promote the stock, then good things should happen. Some questions I have are: 1. Does Wolfgang have his shares yet? (He shouldn't, not yet.) 2. Are there any more legalities to be ironed out after the JOA with Aurelian? (Hopefully not.) 3. And what is going to happen on the CBM side of things? And when is it going to happen? How long will it take to hammer out a deal with a credible partner to prove and produce the CBM reserves? (Yes, "prove," because right now we have "unproven estimated reserves." Believable, yes. Proven, not yet.) GLTA. RO777