Ann: OEL: Winx-1 Drilling Update, page-240

Just a small reminder.

Western Blocks was never part of long term plans and Central North Slopes Alaska.

Winx oil reserves were only 3% of our total oil reserves.

The drop in 88E share price shows big disappointment relating to that new game in town. But the level of drop is disproportionate.

It is up to DW and BoD to post a Review RNS shortly and show us we are still on track.

Justify why the company has increased our land leases from the original sub-100,000 acres to five times that level today.

If the company cannot show us a viable business plan by and during the AGM then there is alternative.

Put Accumulate Energy Alaska up for sale. We lose opportunity of claimed 100 bagger. But shareholders could and should exit with good profit.

Phrontist