Ann: PEP 11 Joint Venture Statement of Clarification, page-375

Nothing has changed, in my view. Im not sure what more you all expected from Breeze’s announcement this morning. He has done the right thing and kept his share holders in the loop, every step of the way, with every progress, every process. The delays have not been of any of fault of his, BPH or his processing system. The delay has been with Barilaro and getting him to act on his decision once and for all, handing the matter over to Pitt, so he can have full control to accept, override or deny PEP11.

Now, your asking me if I’m still emanating the same confidence as I did two days ago? Yes! Absolutely, even more so, because now, PITT has all the power and Barilaro he hand balled it over to him. Something he should have done months go and in my opinion, Pitt has signed. It’s just a matter for NOPTA now to process and approve the application.

Everyone here has there own views on this, mine hasn’t changed. Do I expect this will happen tomorrow? That depends on whether Barilaro handed the paperwork to Pitt/ NOPTA in time. I would like to think so, and again (JIMO) yes I believe we will go into a TH tomorrow. Should we not.... does this mean PEP11 has been rejected? NO!!!!! It just means Barilaro didn’t submit his paperwork to Pitt/ NOPTA in the time required, BPH, still has an extension on their application and approval will still proceed.

What happened today, with the selling frenzy, was no different to the last sell off, the market reacts with emotion rather than logic! It’s that simple. If you sold out and you feel good with your decision, then it was the right decision for you. If you are second guessing yourself, now or later tonight or even tomorrow, you’ll realise you acted out of haste, fear and panic. Fundamentals haven’t changed. Pitt hasn’t changed his view on Gas overnight, Breeze isn’t going to fire Cooke & Hogan today in fear of carrying two extra wages “out of fear” Pitt May deny the application.

To those with brass, I applaud you, hodl tight, stay focused, shut out the noise, to those who sold, congrats, I sincerely hope you made some great coin out of this venture, and to the “other” which I really don’t know which category of people I put you in, down rampers? Trollers? Mentally deranged? Lighten up, let go of the taunting, KARMA is a Bit*h with the “ha ha i told you so” you didn’t tell us squat! Stick around a little longer and soon you’ll be seeing fireworks go off, then come back and “tell us again.” Until then, take a seat in the back row, with the rest of the Karen’s, we’ll call you when your number is up.

GLA- Best,

ID