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over 13 years ago

LIBYA
MICHAEL FOLEY [rmf@winfieldresources.com]

Sent:	February 22, 2011 3:09 PM
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Winfield regrets the current Libyan Regimes use of deadly force and its brutal repression of free speech and peaceful assembly.

Given a refinery is an non transferable asset with a 20 year working life, a Situation Assessment Program will be undertaken before any serious investment in Libya occurs.

Our financiers are still committed to financing a 300,000 bbl per day oil refinery. Location is just one of their due diligence considerations.

Other location options remain open.

Regards,

Michael Foley