PYM pryme energy limited
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re: Ann: Work Underway to Acidize Deshotels 2... Hi Desie, They...

  1. theturtle
    177 Posts.
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    30/01/11
    00:21
    Post #: 7809688
    re: Ann: Work Underway to Acidize Deshotels 2... Hi Desie,

    They are hoping for a share of 2500bopd or more. Initial Production rates on these types of wells are very impressive!

    These wells pay themselves off pretty quick, I think they are hoping for a 3-4 month payback period. And if the political unrest in the middle east continues then the oill price will most likely go up and payback times will be even faster!

    Cheers,
    turtle
    PYM Price at posting: 23.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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