Contrary to what people seem to think, Oil and Gas exploration and production is not going to be our region's economic saviour anytime soon.

First you need existing pipelines for a quick tie in for any potential exploration companies. Who in the world would drill, find oil, and then wait 5+ years for a pipleine to get it to market. Most investors would not tollerate that kind of risk.

Enbridge canceled their Gateway pipeline earlier this year, nixing the idea of any exploration anytime in the near future.

I don't think Dr. Anglin gets this as all the places she talks about are nowhere even close to any planned pipelines.

The places she was talking about were in regards to mining. The last sentence states the area West of Williams Lake shows good gold potential.

I think that bohemian has it right. We can put this Oil and Gas Exploration story to bed for the forseeable future. (Another one bites the dust)

"Who in the world would drill, find oil, and then wait 5+ years for a pipleine to get it to market."

The companies that discovered oil in Nisku? How about the companies which turned up the volume on Fort McMurray?

So first we criss-cross the country with a network of pipelines, then we explore for gas and oil?

It appears that if there is any oil and/or gas it is expensive to get at, or small amounts which will make it expensive as well.

It appears from a news report today that California is eying developments such as the tar sands and saying that too much fossil fuel is required to develop further fossil fuel, thus the oil developed in that fashion creates much higher levels of greenhouse gases than oil extracted from the ground.

I would agree with that unless someone can show me otherwise. So, we could very well have a situation where tar sands development will be boycotted by the urban marketplaces and suddenly high risk development of areas such as the Nechako basin could become more economical until a new technology could be found for the tar sands extraction.

The world changes with time. What is true today, may not be true tomorrow.

How true Owl, but I ask you this. If an oil exploration company can come up with a disclaimer like the following, and there in fact is oil in them there hills, then why do they keep all there wild projections at minimum 1000km from here.

------------------------

Daylight Resourse Trust Foreward Looking Statement (The kind of company we are trying to attract to the Nechako Basin.)

Forward Looking Statements: This press release contains forward-looking statements as to the internal projections, expectations, estimates or beliefs relating to future events or future performance of Daylight Resources Trust ("Daylight"), including Daylight's guidance for 2007 and the amount and type of 2007 budgeted capital expenditures set forth herein. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "believes", "expects", "intends", "projects", "plans", "anticipates", "estimates" or "contains" or similar words or the negative thereof. These statements represent management's expectations or beliefs concerning, among other things, future capital expenditures and future operating results and various components thereof or the economic performance of Daylight and include, without limitation, statements with respect to the future financial position, business strategy, budgets, projected costs and plans, objectives of or involving Daylight or any of its respective affiliates; amounts to be retained by Daylight for growth; the amount and timing of the payment of distributions of Daylight; payout ratios; access to credit facilities; capital taxes; income taxes; commodity prices; administration costs; commodity price risk management activities; expectation of future production rates and components of cash flow and earnings. Actual events or results may differ materially. The projections, estimates and beliefs contained in such forward-looking statements are based on management's estimates, opinions and assumptions at the time the statements were made including assumptions relating to the production performance of Daylight's oil and gas assets, the cost and competition for services throughout the oil and gas industry in 2006 and 2007 and the continuation of the current regulatory and tax regime in Canada, and necessarily involve known and unknown risks and uncertainties which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted. Daylight does not undertake to update any forward-looking information contained in this press release whether as to new information, future events or otherwise except as required by securities rules and regulations.

--------------------------------

Facts are that there are numerous drilling opportunities within easy tie in to existing pipelings to worry about something with a long delay in payback due to tie in. If Shell Canada on the other hand comes in and locates a refinery out Salmon Valley and explores for a nearby economical reserve which spurs other smaller exploration comapnies than I think we could be in business. Otherwise our next great hope is something along the lines of Enbridge Gateway or the likes of that project to get the essential infrastructure in place.

Time Will Tell

I am not sure why you posted an industry standard disclaimer or weasel clause which indicates nothing other than legal due diligence.

Some others:

http://www2.cdn-news.com/scripts/ccn-release.pl?/current/1122143n.html

http://www.total-ep-canada.com/common

http://www.advantageincome.com/legal.shtml

http://www.choiceresources.ca/legal.asp

To show the point that people in the oil and gas industry will promise you the moon and use the disclaimers to limit their legal liability. They have no problems saying they will drill somewhere and then not following through with it. If we can't even get one industry exploration company to make even the slightest claim about exploration in our area given all the government support than that should tell us something about the time line of this ever taking place IMO.

On the other hand if we had a liar of a company out there saying they had an interest in the area, things would be a lot less uncertain.

Canadian Hunter explorations drilled in the Nechako basin in the 60's and 80's and then left. It seems that the Government bought all their drilling information, and even with bait of $25 Million they couldnt get any bites. This should give you a hint.

The Husky oil Refinery recently underwent a 50 Million upgrade. This refinery was destined to be mothballed, and if it was not for a shortage of refinery space around the world at this time, it would have been. If enough refineries are built in other areas of the world it may still be shut down. If anyone thought that there wuld be oil oozing out of the ground in this area, then they would have never considered shutting it down, and would probably be in an expansion mode.

Put the Nechako Basin oil and gas venture to bed for the next 10 to 20 years at least.

Canada does not have enough refinery capacity to refine the oil it extracts from its own soils. They are building more capacity. So you are right on there.

However, why would anyone ship oil via pipelines from the west and south west to PG to a small refinery sitting in a questionalble location in a populated bowl subject to inversions?

Ship it via pipeline to Kitimat, put it on a tanker, and ship it to refineries closer to where the final product is required. Try Long Beach CA.