After listing to the BRR announcment again I cant believe someone sold at sub 7 cents.
PYM are very encouraged by the results of the nitrogen injections. I think that 20H and 13H should flow at least a combined 400 barrels net to PYM after this little procedure. That would mean PYM would produce 500 barrels a day and still have $4m in the bank for another well. Babalis should net PYM another 60-100 barrels per day in Jan too.
Dont forget there is 3D seismic over this 80 sqaure mile block, not 2D!
AUT is 3300 barrels a day and that is $3.40+. This could be matched by PYM by mid 2013, and PYM have 100m fewer shares on issue.
Within a few weeks (2 months) we will hit 30 cents IMO.
Syrian oil now shut down. Oil price only going to go up.
PYM Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held