Premium Energy Corp. (PPTL)

[A44975]

I just read the financial statement posted. Right off questions comes to mind.

1) G & A expenses for 2008 is less then $20,000? Possible! However why is there no info on "Cost of Good Sold"? This would actually state what it cost to pump the oil and gas and all of those other expenses not shown in G & A expenses.

2)Why no Fixed Assest. Is everything leased (I can see the drilling rigs leased but what about a desk, telephone, computer company car etc).

Does anyone else think not everything is shown here?