Lucero Energy Corp Com V.PSH

RE: RE: Ontario

[metzgf]

I hope the well in Ontario is successful.  There's no way to tell since PSH has chosen, once again, to keep the shareholders in the dark.  I believe Ontario is our only hope.  We own 89% of Ontario.  We only own 10% of Texas and 10% of a big success in Texas still doesn't amount to that much.  If Ontario is successful, PSH will have money to continue expanding.  Without income from Ontario, PSH will probably only have enough money to pay the bills.  Four big wells in Texas would probably bring PSH up to the point where we might break even but they would really have to be big to bring the share price up to a level where we would be in profit.