I suggest if anyone doubts the upside potential for Pryme you...

I suggest if anyone doubts the upside potential for Pryme you take a really decent hard look at what some of the competition is doing with oil and gas in the Cotton Valley, Lousiana and Texas.

for example, have a look at www.goodrichpetroleum.com

" Goodrich Petroleum Corporation is an independent exploration and production company that drills for, acquires, develops and produces natural gas and crude oil primarily in the Cotton Valley Trend in East Texas and North Louisiana and the transition zone of South Louisiana.... Our business strategy is to provide long term growth in net asset value per share, through the growth and expansion of our oil and gas reserves and production. We focus on adding reserve value through the development of our relatively low risk development drilling program in the Cotton Valley Trend, while maintaining our drilling activities in select high impact well locations in South Louisiana. We continue to aggressively pursue the acquisition and evaluation of prospective acreage, oil and gas drilling opportunities and potential property acquisitions. As of July 1, 2006 we have drilled 115 wells in the Cotton Valley Trend with 100% success."

Sound familiar to what Pryme is doing ???...

In fact sounds like a carbon copy of the Pryme business plan..only thing is Goodrich has been around for 6 years.

Now look at Goodrichs share price history....

January 2001 listed at USD$5.00
January 2002 4.20
Jan 2003 2.48
Jan2004 5.23
jan 2005 17.20
Jan 2006 28.50 (high of 44.57 Nov 2006)
jan 2007 36.50

So i am not going to mention it again but Pryme is a genuine buy and hold stock, be patient and forget about it....anyone who thinks they will go to $2 next month is kidding themself, but in 2-3 years they could easily pass that level. Pryme has already accumulated an impressive range of leases so the hard work has been done... just watch it unfold as the drilling takes place each quarter and gas adds to the sales pipeline from sept onwards....by the end of this year 2 Raven wells should be producing and additional wells online each quarter and the target is supposed to be 8 of the shallower Turner Bayou "Frio" wells , first one starting next month, completed by year end... then bring on the deep projects in 2008.... the picture thsi time next year will be very differnt from now.

See you