another 2 million barrels of oil

Announcement Out....

Pryme Oil and Gas Limited (ASX: PYM / OTC: POGLY) would like to announce the commencement of their participation in an oil exploration project named Saline Point. This project is located in the southern portion of Catahoula Lake in LaSalle Parish, Louisiana. The project will target in excess of 2 million barrels of oil and is located near Catahoula Lake and South Catahoula Lake fields that have produced 24 million and 4 million barrels of oil respectively to date.
The initial well will be drilled with a land rig in the month of September 2007

Current share price ridiculously cheap given the amount of exploration and production upside over the next 6 months. I continue to accumulate very happily.

See you