FUT / PYM The announcement should be out soon enough.HM Brian...

FUT / PYM The announcement should be out soon enough.

HM Brian No1 well re-entry.

Just scratched out a few notes if the well is a producer.

FUT 2.86 Bn FP shares 50% interest in hole
PYM 0.178 Bn FP shares 25% interest in hole

FUT/PYM = 2.86/0.178 = around 16

FUT has about 16 X more shares than PYM. FUT does have 2X PYMs interest.
So effectively PYM has 8X more interest in the hole per share than FUT.

I
Current SP FUT $0.008, PYM $0.100

PYM SP is 12.5x higher than FUT.....

FUT has had high trading volume and may see a number of volume barriers.
PYM has had little trading and perhaps less sell pressure....

PYM is already producing from its 4rivers project. FUT I don't know if they have any producers. Though I don't think so.
I've got money in both just incase results come in positive and one share hikes harder in %....If all is good in the hole then it really shouldn't matter all companies involved should pop.


Just My Opp