Pryme’s Upcoming Activities Driving Shareholder ValuePryme is...

Pryme’s Upcoming Activities Driving Shareholder Value
Pryme is currently working on eight projects within Louisiana in the United States. Three of these are considered to be key value drivers for the Company over the coming weeks:
1. Drilling of the third Raven Well (Patterson 16#1) will be completed in early June. With aggregate production from
the existing two Raven Wells exceeding one million cubic feet of gas per day and twenty barrels of condensate,
we are hoping for a similar result from this Well;
2. Drilling of the shallow Frio objective in Turner Bayou is imminent; the results from the first well should be known before the end of June. In addition, we are in negotiations to farm-out a portion of the deeper exploration rights to a well known operator in the area; and
3. Negotiations for the farm-out of the Atocha project are nearing completion. The first Atocha Well, which should
commence shortly after negotiations are complete, will test a 120 foot gas bearing section which was by-passed
by explorers in the eighties. Current high gas prices and improved production technology make this a very viable
target. Under the terms of the farm-out Pryme will recover capital spent to date on the project and retain a free
carried interest in the Well as well as an overriding royalty.