Ahmed Said reply ...BS,Dear -----------We understand your concerns, however, don't agree with them. The company has always conducted its operations with due care and professionalism. In fact our operations in .country was probably one of the most efficient and effective setups among all international oil companiesUnfortunately, the company could not raise all the capital necessary for completing its obligations on the Chia Surkh Block. This is due to a variety of reasons. Over the past 12 months, the capital markets, and especially the junior oil & gas sector has gone through a dramatic change and exploration capital has been very difficult to raise. Secondly, the political changes and turbulence in Middle East have changed the outlook on investments there. You only have to watch any major news channel to see what is going on in .the regionEven with these tough circumstances, the fact that management was able to get something out for its investors at this late stage, by way of negotiating this agreement and getting this transfer approved by the government, is literally a miracle! This is due to management's hard work and exceptional relationships with the government. The alternative was potential 0! And the fact that the company had an outstanding payment to the government made the situation even more pressing. Thus we believe this .transaction to be an excellent outcome, given the circumstances aboveWe apologize for any shortcomings, Kurdistan has proven more difficult for junior oil and gas companies than initially anticipated. We wish you success with your future .