pb oil production to november 2012, page-6

Good morning pavlovas,

my main concern with SRH #1 and SRH #2 not being fracked is the inability of management in being able to set a basic budget for the work.We should of had the Spraberry Dean and the Wolfcamp intervals also producing from these two wells.I have asked the management so many times about the capital for these two simple tasks and I am yet to receive a response.Why is it so hard to answer such simple questions ? I have not questioned their ability previously to set a budget but now ?

Back in April of this year,we were told of the Spraberry and Wolfcamp being put on production and I would assume the money was sitting there ready to go right ? We wouldnt ann this work unless we had the funds right ? Or at the very least we would ann the work to be done on the grounds the raising of funds ,,,,,,,,,,,, ? right ? So if the funds were there ? what did happen to them, and what part of the business were they attributed to ?

So, if we are unable to set a very simple plan and budget for these two wells, can I have faith in the 2013 budget and plan ? No comment !

Where and how did it all go so wrong ?

Perfectly reasonable questions for a shareholder to ask of the board.