Petro One Energy Corp CUDBF

RE:july 28th news release

[biggeriron]

Thanks, Toronado for reminding us. Yes, its very possible that the unfunded amount could roll into an increase in JV funding, in accordance with one of the agreements. If this is the case, it seems to me that the first agreement is quite clear on this point, and the Company should ask for confirmation that it will be added to the JV funding as of now. However all other equity contributors would have to agree to the lower equity injection. The situation is perhaps now more able to see a resolution. We may escape from this undamaged. Here is hoping!!