Replies to post #23619 on PGI Energy, Inc. (PGIE)

[dcool1]

pgi already stated that they are flipping the oil revenue back into the project, so that should tell you that are not the one who failed.

[dcool1]

who are those involved?

[Yankyfann1]

Amschip - I just received the exact same reply. Once again, Anthony Maye shows himself to be a stand up, honest man. Interesting to note that IF the available partnership is related to a change in PGIE's stake, they aren't completely out of the picture. Whoever the partner is seems to have accepted a reduced role. That at least tells me that PGI is still affiliated with what I believe is a legitimate business venture, and maybe the one and only we've seen them associated with to date. Maybe that is why we saw the dump we saw yesterday - maybe they are trying to come up with the funding to get back to the stake they originally had and keep that 30% stake for themselves.

Mr. Maye,

I am curious to know if the sudden availability of a 30% partnership in the Masterson-Reames project is a result of PGI Energy possibly being removed from the project.

Any information you can provide would be greatly appreciated.

Regards,

XXXXXX,

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