I agree fundamentals are very good if oil price sometimes in this year will stay higher around 65USD. Cash flow positive and new producing wells, higher rates. But now share price is going down on low volume and nobody is interested to buy this stuff. We are only writing about future and how good it will be. In reality while oil is in bear market bellow 50USD PYM is burning cash machine. I think if oil price go down to 30 USD then better is to hold all projects and go in maintenance mode to save cash that will be needed later. Exactly that stands in the latest report:
Under the terms of the Agreement, making future lease payments and the continued drilling of wells are optional for Pryme and decisions to make payments and drill wells will be taken after consideration of many factors including oil prices and the economic environment.
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