PYM 0.00% 0.0¢ pryme energy limited

In the absence of Pryme getting an extension of the $4m...

  1. 398 Posts.
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    In the absence of Pryme getting an extension of the $4m convertible note from BPI I think our only hope of getting a capital raising done at a reasonable price will be if the pump in the 20H is very successful ie. > 600 BOPD. Also, it's worth noting that since the current convertible note has been issued to BPI who hold approx 15% of PYM, it may not be in their interests to have a large cap raising at this point especially if they don't want to invest any more money - so hopefully something can be worked out.
    Also, it seems crazy to be drilling another well right now, we should just be redrilling the 13h lateral to reduce costs...
 
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