Premium Energy Corp. (PPTL)

[Greg G]

A4,

I just left a pleading message for Bruce to share a little information with us. I wished Bruce a Merry Christmas and a Happy New Year and asked that he “please” share some information with his investors. I told him of our disappoint in the lack of apparent progress and the huge void in information. I asked if he, at the very least, would update the PPTL website with the status of the gas and oil projects and the direction of the Company. I told him that we now know the number of free trading shares of PPTL and that they are 5X what we had originally thought. I reiterated that this is very disturbing news as there seems to be very little achieved with all of the dilution.

In the macro, I am now concerned that we will be getting a reverse split in shares and or that Bruce will just issue more shares on top of what is currently issued. I am, unfortunately, more down on this stock than I have ever been. I see very little possibility for recovering even half of my initial investment…not a very merry Christmas present for 2009.

Greg