fireball creek spud under the radar, page-17

Fireball--->
with a 35% stake, and 40BCF of high side figure...
potential revenues to PRE could total $100m...
This is not factoring costs etc...

LMP have the right to increase its equity to 48.75% up from 32.5% if it so chooses....Success at fireball and LMP will take this up by drilling the Pounamu structure with a mean potential resource of 43 Million barrels of Oil...Pounamu is expected to be drilled in 4th quarter of 2008....
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Most of this information is oblivious to most shareholders... PRE have not disclosed anything that I can really see... These wells are onshore
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Forward looking drilling is hedged by Redcliffe... I dont understand much about the gold side of things, I have traded PRE successfully in the past, Im here for the current drilling activities....
all the best, and WOW for a close at 3.1c....