Ann: Quarterly Activities Report & Cashflow, page-8

Just to give my thoughts re comment

Additional Details
? Premier has an option to earn 50% working interest in Area B or C by spending US$15m, if the Charlie-1 (Malguk-1 appraisal) well in Area A is successful

It is not for both areas ..... Dave has played a blinder here, as when we proove oil in A , value of B and C will go up, so PMO can take up cheap option in one or other, will have to renegotiate for both or we can farm out to someone else for hopefully more for either B or C

The comments around Yukon and discussions continue with nearby resource owners, I believe is all to do with Jade Energy who have the leases just to the North of Yukon.

https://www.alaskajournal.com/2019-04-17/indy-drill-oil-point-thomson

50% owner of Jade = Erik Opsted

So all good as far as I can see

BB32