Bellatrix Exploration Ltd (Canada) BXEFF

RE:I Spoke With PWC Regarding the Debt Swap for Common Shares

[RichyRich$]

Also, PWC confirmed it was only a $3M debt payment they missed on. Not much. So a buyer would know it wasn't missed by much and with AECO NG on the rise and LNG Canada Pipelines being built, the future is bright. Buyers will see than future potential. Even if it sold for $500M that would be a great deal and we would get a huge payout. MJ... bidding has just begun. If you spoke with Brent a few weeks ago... it was too early in the process to even know how much interested buyers are out there. Also, keep in mind that the November 13 target for accepting Expressions of Interest can be extended. So they could keep extending into the New Year and keep operations going. They're still producing and selling Oil N Gas during this process. And AECO NG now up. The banks who own majority of the common shares will not want to lose $110M, so they will ensure the November 13 date will be extended if not sufficient sale offers. They are on the board in majority and would not approve a weak sale. BMO is marketing it globally... which is why they needed $15M for legal and marketing costs. It shall sell high MJ. There's no point posting pessimism. At this point there's no point in calling Bellatrix. It's out of our control. The only thing you need to know is that the Global open market is competing for Bellatrix and we will get the highest bid because the banks won't want to loose their $110M tied up in the common shares!