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Thursday, 05/10/2007 9:08:32 PM

Thursday, May 10, 2007 9:08:32 PM

Post# of 51429
Email from Keith:

Low,

Thanks for the email, I agree perhaps it is time to say something about what is going on.
This with Wilshire has been ongoing, since February. They had representives on the site when we drilled the Hemi 2, they were looking for a REAL oil company they could hang their hat on. So this is not an over night thing going on and they have conducted extensive due dilligence before deciding Hemi is the company they want to represent out of all they looked at. I had been on the fence about committing to this, but last weeks trading, scared shareholders made us decide on Monday, because of all the share holder discontent it became clear the pink sheets are not right for us anymore, so I met with Mr. McGowan late Monday night and we decided to move forward, with Wilshire and their syndication. To be honest I dont know what exchange yet, but leaning towards the AMEX, yeah we will qualify. Personally I still prefer being bought out.

Now I want this made clear, I cannot and will not tell an investor how, what or where to trade. Having the shareholder talk to Wilshire about a stock account only one of the things suggested and it was due to all the issues we were having with the DTC headaches and crazy trading. Simply giving the shareholders an option and consider contacting Wilshire about opening an account, because Wilshire has a vested interest in us and direct concern with our PPS, if we do this upgrade, in otherwords they act as our protector, between now and then. An account with them is merely an option and the shareholders have to do what they feel is right for themselves, it never hurts to talk or have options.

You remember yesterday less than 24 hours ago, how negative people were? The company is selling shares, insiders are selling shares, the sky is falling, blah blah blah, fear feeding on fear... just business as usual in the office, like I said so much of this negativity was baseless, but fear does that. We have had things in the works for a very long time and many things going on, which I cannot disclose yet. Wilshire being one of them, we still have a long ways to go before an up listing, like auditing, SEC legal work and we are trying to bring in the oil patch version of the dream team. If any of this answers why we relocated to the EXCHANGE BUILDING. An IPO is intensely complicated and time consuming, so I chose not to say anything... I dont want the shareholders acting like a buncha kids on a road trip with the "are we there yet? are we there yet?" Simple answer, this is the real world, its a long trip and we get there when we get there, that is the best I can say.

News? I dont know... whenever things warrant a PR and whatever crosses the finish line first gets the news, we have many things in play and I honestly dont know what or when, but news is never far off.

Keith A.

L~



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