X0202 3 2006-10-05 0 0000893813 PENN OCTANE CORP POCC 0001378205 Viele Eugene A 2601 NW EXPRESSWAY, STREET SUITE 902-EAST OKLAHOMA CITY OK 73112 1 0 0 0 Common Stock 1602 I By Avera Investments, Inc. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. Eugene A. Viele 2006-10-16