The timeline detailed that the chairman of Petrojam emailed the ministry on January 4 with copies of the two letters one to the Petroleum Corporation of Jamaica (PCJ) offering to purchase PCJ's 51 per cent holdings for US$60 million and the other from Venezuelan state-owned oil and natural gas company, PDV Caribe, advising of a Jamaican company's offer to purchase its 49 per cent holdings for US$100 million.