Expect announcement as early as next week that drilling has...

Expect announcement as early as next week that drilling has begun at the Raven prospect on first of at least 10 wells. This is two months earlier than previously scheduled...

Raven is in the prolific oil and gas producing area of Cotton Valley Louisiana and should generate reserves of 50 BCF, which conservatively will add at least US$30 million net to Pryme of "inground reserves".

The wells are relatively shallow at 10,000 feet so it won't be long before results are forthcoming and are reflected in the shareprice. Positive outcomes should realistically add at least 50 cents to the current sp.

In addition the Turner Bayou prospect is still on target to be drilled in June with prospective reserves of 150 BCF.... There is very little downside for Pryme from here.

cheers