Ann: Notice of Annual General Meeting/Proxy Form, page-14

So how does this play out? JKA has $600K is cash and spends $180K per quarter to keep the lights on and projected to spend $200K this quarter. Any O&G acquisition on their own would exhaust all of their remaining funds just in legal fees. In comes PVD to sa ve they day, but what do they get - JKA only asset of 5% interest in a second well 2 years from now, best case. JKA doesn’t survive and gets absorbed into PVD 6 months from now as their only way to “survive”. Seems like the O&G play will not involve PVD’s all-but-lost **on property (and they will NEVER get their $9MM payment made in 2013 back from an African country even if they had the slimmest of legal ground to stand on), so that means PVD will pony up some of their $8 MM is cash for some new play the chair of JKA has attempted to broker, but not so much to put them in the same limited lifespan that JKA is now down to. I can’t wait to see what longshot they will announce.