Ann: SPP Terms and Letter to Shareholders, page-33

Say what you will like DC. The facts remain.
1. Uruguay was not delivered as promised and paid for. We had paid for 4 wells and only 1 and half was drilled.
2. Spain was never the reason most of us invested in this company.
3. No idea why Western Australia was even mentioned.
4. Most of us just want to finish well2 and either there is commercial oil or there isn’t. That is the risk we all took and willing to accept.
Don’t try to peddle other sh$t on us. We need the drill to continue. Period. Other sh$t just don’t matter and is not going to affect so. We are not that stupid.