PYM is on the verge of seeing a significant re-rating, 20c in...

PYM is on the verge of seeing a significant re-rating, 20c in the short term is highly likely. Have followed the stock for a number of years and it is now all about to come together.

Just had a chat to Justin Pettett Managing Director of PYM.
Deshotels 20-H is targeting 614kboe 1p - proven undeveloped reserves. PYM are expecting 1mil+ reserves and a flow rate between 1500-3000boepd or 600-1200boepd attributal to PYMs working interest. They are Proven due to the well being located directly adjacent to 2 Producing wells. One of those wells was a verticle well which had intersected a single fracture and has gone on to produce .5milbo. Deshotel is the longest horizontal well (4500ft) in the area and has intersected numerous fractures due to the use of 3D seismic which is also a first for the area. Justin expects flow testing to take place the end of this month and production to start in December if things go to plan, which would then see PYM spud the 2nd well around Feb, with enough locations to keep them drilling for a number of years. Based on payout being a matter of months PYM should be self funding going forward.

Very cheap at the moment, I would expect word to get out over the next few days. Looking forward to the re-rating.
Cheers