PetroKamchatka PLC V.PKP

Email from

[ablekaak]

I emailed Calvin Brackman asking about any progress made, whether we could expect an update or news soon.. He got back to me, but I didn't get any real answers or new info, this is the response I was given:

Thanks for your email.

 

We are hoping to update investors on ourplans in the very near future. We continue to pursue the sale of the HighKellyrig to provide additional working capital for the drilling of a thirdexploration well in Kamchatka. As stated inour public disclosure documents, the delay to date in selling the rig involvesa dispute between our joint venture partner and the rig manufacturer. We havebeen working with both parties to resolve the outstanding issues and we hopethat, in conjunction with our joint venture partner, we can progress the saleas soon as possible. We will then be in a better position to provide an updatedoperation plan to investors.

 

Thanks for your interest in PKP. Pleasefeel free to contact me any time if you have any additional questions.

 

Best regards,

CalvinBrackman

I at least did get a response in a timely manner, I have dealt with other companies who just completely ignore emails and dodge phone calls etc. I still think something is up due to the volume and bids we have been seeing.. I think this will be a good year.

Cheers!

Able.....

[pennystockmover]

NIce work ablekaak. I recently took a relatively small position here as it does indeed appear that something may be up (as you say). My only concern is the number of outstanding shares involved with V.PKP. However, that would not mean much if they hit something big. I will continue to watch for any technical breakout signal or an update from company before taking a larger position. In the meantime