Premium Energy Corp. (PPTL)

[Greg G]

Kingsman,

I'm not offended, but this issue must be cleared up. There are a number of people on this board that believe the Company is in viloation of US laws regarding financial reporting, when in fact they are not. So, if the Company is running the business in accordance to the law this really dictates what the shareholders can do to force more disclosure. In other words, going to the SEC to register a complaint about the lack of reporting if reporting is not a requirement is somewhat useless, right?

Now it boils down to whether or not the Company is running a business based on fraudulent practices. Since they are not spamming the stock or posting fraudulent PRs that becomes very hard to prove. Just because oil is at $120 a barrel and they found oil years ago does not make the Company fraudulent, granted it does make them somewhat inept. But, you can't prosecute bad business decisions.

I am not telling anyone what they should or shouldn't do. I'm just trying to put the facts forward so the actions people take are based on accurate information. And, if I am wrong then please perform some DD and educate me. As far as I can tell, I am not wrong and I have Management at Pink Sheets who have confirmed this and I am trying to get further confirmation through the SEC. In others words, I am doing my DD. Does this make sense to you?

Cheers!

Greg