Premium Energy Corp. (PPTL)

[Greg G]

TB,

Certainly not looking like one of my better investment choices now is it? In general, I am significantly skewed to Oil Sands investments for all the same reasons anyone else invested in them (Canada is not going to attack the U.S. and we are not going to attack them, we have national security issues with our current energy polices, oil was at $140+ per barrel, etc., etc., etc.). PPTL looked to be a Homerun, or at least a solid triple. I mean oil that you could use standard vertical pumping methods to extract, unheard of in the Oil Sands, at least for little JV Oil Companies. Talk was that reserves were projected in the $300,000,000 range. How could I go wrong, right? At a minimum, they could sell the leases. Lots of logic, but unfortunately no execution by Management.

As far as the average stock price, well lets just say we have a long way to go to get me out of this hole!

Greg