PYM pryme energy limited
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Ann: Capitola Oil Project Operations Update, page-8

  1. JWB1985
    4,018 Posts.
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    05/04/15
    17:08
    Post #: 15037504
    GC

    I think proving up reserves will provide a few benefits. For eg, greater certainty around the value of Capitola, both for new investors and potential JV partners. Also a stronger balance sheet (reserves become an asset). It might be down the track that we can grow quicker by borrowing.
    PYM Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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