rodney foster phone call, page-24

siameseparrot,

I know that most people in PRE are in it for the gold and so are you. However there is alot of people now in for the gas too. The share price has been held up in later weeks for one reason, gas. Otherwise the share price would be in the lower 2's. November the share price went up to 6c on what people said was the gold, however the Behemoth gas well was spudded in november. Pacrim then got a speeding ticket and came out with some drilling results and the share price dropped dramatically and then steadly declined down to the low 2's.

Since the announcement of the well testing we have some little episodes of buying, of which you have commented on as "interesting". And what I found out today about them moving up the zones, this could quite possibly be the reasons behind the buying (2 and 2 makes 4).

You also mentioned that, "Unless I am mistaken the operator of the gas drilling is a private company, and so doesn't have to make any timely reports to any Stock Exchange on the basis of what would be price sensitive information if it was a Stock Exchange listed company.

Something to think about ..."

We all know that this is the case, so why would there be a case then for some larger leak, espically here in Australia........something to think about?

Many oil companies have released to the market oil and gas find without any major share movement, many others have gone up double or treble and found nothing i.e GDN. I tend to find that the ones that find something don't go up like a rocket on speculation, but 10-20% as the near the end. PRE isn't in the public domain like EGO which is at a similar price and has nothing, people just know about it, and they give out press releases like confetty!

I have been on wells where oil and gas has been found and the share price in some cases has gone down, with people in the know telling there granies to buy it!

You are holding for the gold and it does seem like a good deal, but even companies like FML who have just made their first pour of gold at $3.3m are at their all time lowest share price, so if you think PRE hasn't had any inside trading on the gas......you really need to go and look at the charts again.


This the weekly chart for the last 6 months....

Sorry for the ramble and the spelling mistakes. PRE has energy in it's name lets have some faith.

Off to put a Melbourne Bitter out for the beermoths!