PYM pryme energy limited

???, page-4

  1. 174 Posts.
    lightbulb Created with Sketch. 4
    "Approximately 650 feet (198 metres) of the horizontal leg has been drilled and a number of hydrocarbon shows have been encountered. It is expected that drilling of the horizontal leg will be completed within 3 weeks." (Drilling Update 2 Nov)

    This pushes back my 9th November estimate by another 2 weeks. This means we will have to wait from now until the 23rd of november (or so) for the horizontal drilling to conclude. Lets hope that there are no issues with the directional flow.

    On a positive note, they state that they have already "encountered" hydrocarbons. Lets hope they can pull this off over the month of November. Definitely a sit and Hold on this one.

    Good Luck Holders,

    JJM
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.