PRE Cost base on CGXthanks Waitingstill, I knew it was in that range. at the end of the day, their investment is not chump change, even for a company that made about $650 Million in 2012. When you look at the PRE web site information, they have a lot of heavy oil and some big leases running out in 2015 I believe. I fully belive that they got involved as an entry into the guyany basin. As you know, the US Geological Society still rate this one of the largest potential basins yet unexplored , in the entire world. The planning and permitting that goes into drilling one of these deep wells is a lot of work and detail. I'm sure they are arranging a rig to fit their plans already,as offshore rigs are busy and committed with long lead times. Unlike with previous management, we were only months away from disaster as it turns out, now we have deep committed pockets that needs the potential light oil offshore. As well, they will also be working on Berbice I suspect, as that is cheaper and potentially very profitable. Surinam has lots of onshore wells near the ocean. Those looking for PRE to support the stock in the short run, need to get a different game, CGX has a chance to be a major leaguer in the future, the minors are past.