Theres going to be a flow test early next week on the most...

Theres going to be a flow test early next week on the most recent of the Four Rivers well drilled ...and the rig moved to next location for immediate spudding of another well.

Individually they may seem insignificant, incrementally they all add up. LaSalle and Four Rivers total monthly production is currently around 3000 barrels per month, add say 5 more successful wells by year end and thats getting up to 4500 barrels per month or annual revenue of A$ 5 million (assuming $70 per barrel and exchange rate 0.75)

Obviously Pryme wont surpass RFE with Lasalle and Four Rivers production... what the editor of Oil and GAs weekly is really interested in is the outcome of drilling in the deeper projects. The re entry well at Atocha and the deeper targets at Turner Bayou.

I've heard funding partners are getting on board for the Atocha Play... Pryme should maintain at least 25 % interest in it... aiming for a start around September, so between now and then i think we're going to be heading back towards 50 cents. Success there will see production income soar and provide self funding for more development wells. Reserves in the Atocha play could surpass 1 TCF so thats what the comparison with RFE is all about.