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Investing Goals

|Includes: Far East Energy Corp. (FEECQ), HDY

After taking a severe beating in 2008 as a mutual fund investor, decided to strike out on my own rather than trust a financial advisor whose advice cost 50% of my holdings. Invest only where I understand the business model. Primarily interested in oil & gas plays.

My goals:

- Find a microcap oil and gas play with the following attributes every two years:
          - already has major, recognizable backing (bank, fund, JV partner, etc)
          - at least 10x potential within five years
          - with trustworthy management

- Invest in 10 (or less) opportunities at any given time, taking "big swings" at each opportunity.
- Buy and hold through development strategy.
- Willing to consider other growth areas outside oil & gas (China, other developing markets) when it makes sense to me from a fundamental standpoint.
- Utilise 50% trailing stops on holdings - however fundamentals must be considered prior to dumping shares into weakness.

To date:
- Addax -
bought out by Sinopec for ~40% gain

- Far East Energy (FEEC.OB) -
1st shares 2Q 2008. Major purchases through Nov-Dec 2008. Holding until company is bought out or review in 2012. ~ 1m shares

- Hyperdynamics (NYSE:HDY) -
1st shares 2Q 2010. No major purchases expected until early 4Q 2010.


Disclosure: Long FEEC.OB, Long HDY