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To: rrufff who wrote (705)	6/27/2007 11:31:35 AM
From: rrufff	of 724

NNYR - .025 x .03 - see my prior post at .011. Not in PR - so may not be widely known but this is from shareholder newsletter on their website. Note that MGRA is trading at .20 level. On June 27th Monogram Energy announced that Northamerican and Monogram had expanded our previously announced business relationship and that the terms call for the exchange of restricted stock between the companies. Although the specific amount of stock to be exchanged is not addressed in the press release I can confirm to you that 12 million shares of restricted stock are to be exchanged on a one for one basis between Northamerican and Monogram. This agreement and relationship not only serves our need for additional funds to complete our workover prospects, it adds $5 Million, or so, (at MGRA's current share price) to Northamerican's balance sheet and we hope that this will fortify the intrinsic value of Northamerican's price per share.

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