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Gold/Mining/Energy : Ness Energy International

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To: John Sladek who wrote (359)	6/12/2019 8:58:42 PM
From: Glenn Petersen	of 364

An April 29, 2019 update: Concerning the current goal of completing the Form 10 application, there has been no forward movement as of the date of this letter. The historical accounting data has been unrecoverable and the consultant that was to complete the non-accounting portion of the Form 10 has been unable to follow through due to unanticipated demands on his schedule required to close two large opportunities for his own public company. We are currently stalled out and evaluating all available options in order to move forward. To increase the probabilities of the SEC approving Ness’ Form 10 without the historic accounting data, our SEC attorney has strongly recommended locating an oil and gas income producing opportunity to provide legitimate viability for the company. I am currently pursuing an oil and gas opportunity that is located in Texas. It is low risk with good surrounding production and it would be relatively inexpensive. A longtime friend of mine that is a petroleum engineer has prepared the engineering completion procedure. This enabled me to prepare the cost estimate and I am currently engaged in obtaining oil and gas leases. This project involves an existing and fully cased wellbore that requires a relatively modest amount of completion work to determine if there are commercial quantities of oil and gas recoverable. The funding will have to be provided by third parties as Ness does not have funds to risk. I will continue to pursue this project as a possible income source. Completing the Form 10 will continue to be the primary goal. The Series B Preferred stock sales has not yet provided sufficient funds to complete all that is remaining for the auditors and consultants. I know our Heavenly Father has a plan and I continue to move forward with the “light” I have. We will continue trusting that this delay is for the long term good of Ness and its stockholders. nessenergy.com

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