Pledge Petroleum Corp. (fka PROP)

[Grolden]

The overall price trend is very beneficial to us right now. We have cash to pick up some pieces, and wouldnt surprise me to see Abramovich put in more if there was a good deal on the table. Righg now while other companies are struggling, we are basically just starting, and with the cash and balance sheet to do so.

Also with the low oil prices, the PPT tech would strive in it. As of right now its not being widely used, and its because companies have been doing things their ways for years, and to just stop and switch it would cost millions. On the backend it would also save them millions in the future, but for the time being until it is widely used most companies wont change.

For PROP though, if we got our own oilfields and used our cash to startup, it would be much easier than convincing an already producing company to switch over. Plus the PPT would allow us to keep our costs low, and actually turn a profit no matter the cost of oil prices. I believe short term this is the most beneficial path for the company.