Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

Loji, here is the specific information.

3,964,000 @.65 expire May 21, 2013
846,000 @.65 expire June 4, 2013
157,000 @.60 expire December 22, 2013
23,399,402 @1.45 expire December 30, 2013
6,100,598 @1.45 expire January 7, 2014
2,500,000 @1.45 expire January 26, 2014.

THAT IS A TOTAL OF 36,967,600 WARRANTS EXPIRING.

The bulk of them are at $1.45, but I suspect we will quash about four million in the next ninety days as our share price stays below $0.65. Then as the good news comes out over the summer,(remember no filings until the audited ones August 31st), we will climb, but I suspect we will stay below $1.45 until 2014. I would certainly do nothing to encourage the stock to climb until the warrants are history. I was thinking thirty-eight million because I forgot about those few @.40. But, I will take thirty-seven million quashed as a good idea. The spin out of PDI may help keep PTQ SP down.