I am insinuating that you are misinformed making pryme appear to have more acreage than what they really have,more cash than they really have,and less shares on issue(fully diluted) than what they really have.
Now pryme only have 9600 net acres in the entire turner bayou project,with a 40%w/i in the chalk project and 52% w/i in the balance.
Refer to asx release dated 30/4/2010,the austin chalk project only covers ~15000 acres.In fact tallying up the lease blocks it looks like 14345 acres.
In prymes investor presentation dated 16th August 2011 page 7,the 52000acre 3d seismic outline shows that both anadarko and nelson energy have acreage within this seismic survey.
It is a case of simple maths really.
Just trying to show the real facts to current and potential investors.
All the best.
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