selling, page-20

It is hard for me to be objective when I have lost out big-time on the options that are now worthless (not even enough to make a saleable quantity), but I'll try.

I'm just not sure regarding the value even at this share price. PYM have continued to disappoint. The major achievement of these directors is to be late and not meet expectations with every single goal they set. When I saw just how much this minnow is paying the fleet of directors and management for this non-performance I nearly choked - it worries me greatly - any good directors worth their salt would be a bit more frugal with shareholders money to avoid having to cap raise at these terrible prices and dilute future potential further. A good example of how a spec director can progress a company is Borshoff at PDN - he did not even draw a salary and lived on a shoestring budget for a few years until the companies future was secure - no several hundred thousand dollar salaries for him and several of his buddies - just hard work and dedication. It would seem this mob are more dedicated to their own enrichment, and the shareholders are just the suckers who they are using to achieve this.

Though this is probably undervalued at this low price - It is showing no signs of recovering as the market have woken up to their real philosophy after seeing how generous they are to themselves despite their appalling performance in the last annual report. I think there are much more undervalued plays out there that would get my money first - which is why O&G weekly, Fat Prophets, diggers and drillers, and other good stock analysts are not promoting PYM - but are promoting lots of more solid oilers.

I suggest SAE, SEA, and INP offer much better value - and BUR - operating on a similar idea though much more professionally - get my vote.

PYM is far above the league of shams like RRS, or semi-shams like WGP - in that a lucky find might just bring home the bacon - but are walking on a fine line IMO.