Lightstream Resources Ltd. LSTMF

RE: Luigi you take'a too bigga

[Wellsitter]

Like the access nonsense, I think you're making far too much of the other issues that you've raised. If PBN has 5 or six rigs drilling through June and 5 or six wells a month to report results from, I think the impetus is there to hold and build shareholder interest as well as to garner interest from by-standers. If the first few Cardium wells come on with the same sort of stories we have been seeing from Daylight, Bellatrix, etc. (500, 1500, 2100 bbls/day), then the buying will become frantic. When buying becomes frantic, the price seldom drops especially by the 20% that you have suggested.

Far be it from me with my mere 32 years (22 of them dealing with those pesky land-owners to get service rig access) to tell you that EUB IS the licensing authority while ERCB polices the industry and services. I'm sitting here looking at the actual well license for the well I'm on right now and it reads "EUB Alberta Energy and Utilities Board WELL LICENSE

License NO: XXXXXXXXX
WELL NAME: XXXXXXXXXXX
Licensee: XXXXXXXXXXXXXX
PURPOSE: TO OBTAIN PRODUCTION OF CRUDE OIL FROM THE XXXXXXXXXXX FORMATION IN ACCORDANCE WITH EUB APPROVAL NO. XXXXX

But you obviously know what you're talking about.