Dear Working Interest Holders,

Please see attachment of the action by Oklahoma Securities Department for a permanent injunction on both PWDR and Brian Fox. This filing clearly exemplifies the on-going investigation by the Oklahoma Securities Department in the U.S. on PWDR and Brian Fox. Whilst all parties concerned are trying to find ways to go forward, no less from all Working Interest Holders, all material facts relating to the PWDR issues must first be sought, discovered and fully disclosed. It is prudent then that full disclosure and total accountability from PWDR and Brian Fox must be completed before any workable or sensible proposal by any parties can be relied on.

The hearing on the permanent injunction filed against PWDR and Brian Fox on 10th Oct 2008 had overrun to 14th Oct 20008 and stalled again, and now adjourned to 30th Oct 2008. The court gave the adjournment based on the offer by Brian Fox and Gerald Liew to provide for a settlement proposition for the Working Interest investors. As of 29th October 2008, our attorneys are still awaiting the full written proposal from Brian Fox and Gerald Liew.

To date we at OilPods, Mr. Mark Chang, and 3 of our witnesses, inclusive of the Receiver, Mr. Bruce Day and his appointed engineer and accountant, have already taken their stand. We are still waiting for PWDR’s CEO, Mr. Brian Fox and his witnesses to present their evidence which should be scheduled for 30th Oct, 08.

OilPods has uploaded all current available information, including a 2 sheet general proposition for discussion tabled by Mr. Brian Fox and Gerald Liew on the 14th Oct 08. We believe that it was based on this general proposition that the courts allowed for an adjournment of the hearing. The final detailed proposition should have been ready this week for the courts and I believe for all Working Interest holders to study the proposition. We have been advised from our counsel that the proposition is still not ready. As we have not received any detailed proposal from Brian Fox or Gerald Liew, we post their interim proposal for your information. An FAQ has also been drawn up to enable all WI holders to better comprehend all that has transpired.

Best Regards,
Cheon Marn Khuen For and on behalf of OilPods Singapore Pte Ltd

Proposal by Gerald Liew 

Petition for permanent injunction against PWDR and Brian Fox by Oklahoma Securities Department  

Houston Chronicles on John Erhman - Former CEO, guilty in stock scam, could get 20 years 

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