Nearly invested in PYM before the first well was drilled--in hind-site it proved a good move.
I like a company that has not given up, and has called in the experts to go over the previous two wells engineering profiles to see where mistakes were made.
We have been told that a simpler completion technique is going to be deployed in the horizontal section.
I hope that the third time we will be successful.
These wells are deep and not for the faint hearted-- the rewards are going to be good if we succeed.
I wish the drilling team the best out-come.
Cham
PYM Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
