Australia's largest stock trading and investment forum Australia's #1 stock forum

PYM

Click for more information

0.00%

0.0¢ pryme energy limited

Ann: June 2015 Quarterly Activity and Cashflow Report, page-6

First 6 Last

Share
Profile

Follow
1ForDaMoney

5,536 Posts.

153

30/07/15

10:44

Post #: 15719369
Share

Originally posted by spocks ↑

Is this too basic of an analysis. Four holes and some 4 rivers nets $800k. Each quarter costs $2-2.5m. So they need 8 more holes to break even.
Newkirk is cheaper to drill and costs are shared 50/50, similar stacked play potential. So they need to drill 16 holes at Newkirk to break even at a cost to them of approx $4m. Better start drilling the poo out of it.

Expand

I liked the bit where it said it loaned the MD $200000 to pay his tax bill.

PYM Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 6 Last

Add PYM (ASX) to my watchlist