Long Run Explor Ltd Ord WFREF

RE:RE:RE:Finaincial Review

[Reflect]

Cowboysmith what puzzles me is your negativity; you bought in at rock bottom prices & knew full well LRE’s position and know  that these first quarter results would be detrimental due to the first 4 months of 2015 in the oil slump & falling oil & NG prices. So why would you invest in LRE & then bash LRE mgmt. & justify TD’s biased & manipulative share price analysis.

You say you are long, yet cling to quarter 1 results which are very misleading. To be long, quarter 2 & 3 would be where to begin. You bash LRE mgmt. for its actions concerning debt & credit based on quarter 1 results – I find it hard to believe you own as many shares as you say & find it even harder to believe you are long.

LRE mgt. is tackling the debt & with the frugality of their actions & rising oil & NG prices; the results were start to appear in quarter 2 & take hold in quarter 3 - providing another world oil price war doesn’t start again of which LRE or any other Cdn. Company has no control over.

I have the utmost confidence in LRE mgt. & will wait until the quarter 2 & quarter 3 reports to see if my actions are justified. As to TD – they can go to you know where. If this were not so, I would not have invested in LRE & prepared to weather the storm.