PYM 0.00% 0.0¢ pryme energy limited

new ann out, page-16

  1. 817 Posts.
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    Been away from computer for the last few days.

    First impressions was shock at market's reaction.

    Will have to trust that the well will 'clean up'.

    Problem as stated-- heal of well seems to be restricted by heavy drilling mud and drilling 'shrapnel'.

    The company states that they are going to allow pressure build-up to flush drilling mud etc. to surface.My opinion.

    The positive to me is this could very well work.There is no fraccing fluid to recover(that can take weeks).

    It seems to me patience is required at this stage--there are other 'tools' to clear drilling mud such as 'acidizing'.

    I consider 'state of the art' drilling and completion techniques were used on this well-- so a job still in progress one would assume?

    Personally hopeing for better at this stage--but then I'm no industry expert.

    Good luck all for successfull 'clean-up'.

    Cham
 
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