Second reference to Petro One’s news release of April 3, 2012 in paragraph 6 hyperlink is wrong. The correct text and hyperlink is as follows:

For the April 3, 2012, Petro One had the emulsion (oil + water) production figures but not the water cuts for the emulsions on these new wells. Oil production cannot currently be determined without those emulsions. However, water cuts of 50% and 70% represent the typical range of water cuts observed to date in the Milton wells after initial production and have been used to frame the results. Past that, the company anticipates full initial production reports by early summer.