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Have been reading about PYm in the Oil and Gas weekly newsletter, they call it the "honest battler" and this current location being drilled at Turner Bayou is a potential "company maker"

A succesful flow test in the next couple of weeks will be around 2000 barrels per day or upwards.

Prymes' share is a 30% net revenue interest so that equates to around $20 million per annum based on US$85 per barrel and exchange rate of 0.95.

But what is interesting is there are reported to be at least 10 locations for additional wells. Assume a 50% success and flow rate at 2000 barrels per day, and Pryme will be banking revenues of $100 million per annum on 5 producers. No doubt the aim is to use these revenues to fund future drilling and acquiring more leases.

Upside surely must be at least 4 or 5 times current price on a succesful result initially.

Watching closely!! Good luck to holders