Morning Trading March 30, page-232

Re PRM and PRMOB -

On the strength of the ANN – per this morning's Post #: 7038493

AND

- presuming the Company is awarded the Leases soon

AND

- the SP for PRM rises to above 2 cents within a month before PRMOB’s expiry date of 01 Sep
at that same Exercise price, of 2.0c

will those Oppies be worth anythingby that date.

If, as I expect, at THIS stage,management also thinks that PRM’sSP will not get to 2.0c by say 01 August,

then the Company couldsalvage something from PRMOB holders by making an offer of, say :

1 new OPTION for 1 PRMOB held on 01 August, at an EP of say 1.0c, or

2 new OPTIONS for 1 PRMOBheld on 01 August, at an EP of say 0.5c.

That kind of offer has been madebefore – by some other micro-cap oiler spec I was holding years ago i.e. it gotsomething worthwhile monetarily, rather than get nothing otherwise.

“Better to try & fail, thannot try at all”.
Both PRM & PRMOB could be good DT's once the Leases are awarded.