Ann: Change in substantial holding, page-4

LOTM not much we can do about what has happened in the past with deals. If they wish to sell out then that's their misfortune going forward as the little information I have is that this is a very big discovery and the news will only get better as they dig more wells in the future. The only issue going forward as I see will be the price of oil as world indicators are predicting as low as $20 a barrel but even so PANR can still make money at those prices. The bug upside is when the price turns around as it ultimately will over time. I'm in for the long haul or till such time a takeover