PGI Energy, Inc. (PGIE)

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Hello Anthony
I would like to get some clarification regarding recent news posted on your website. Is PGI still your partner in this venture?
Best regards

Anthony Maye [e-mail]

to me





Thanks for the message.



Unfortunately this is a private deal that PGIE entered and it would be up to PGIE to disclose what may have occurred.

We do have a large portion of our deal that cannot be funded based on a group that cannot deliver. Instead of cancelling their contract as they were unable to fulfill it; we have decided to allow them a lesser percentage so that they can still participate.

This does leave us in a bind regarding finalizing the deal, but we are working hard trying to complete it. Once completed, we will be able to send out the oil revenues that this deal has already produced and continue with our restoration of the wells.





THANKS


Anthony Maye