PYM pryme energy limited

Directors buying shares on market.!!! Hello!!!We're about to see...

  1. 222 Posts.
    Directors buying shares on market.!!! Hello!!!

    We're about to see significant gas production from the 3rd Raven well, Patterson #1.... the flow test is nearing completion, final clean up of frac fluids should see daily production increase and stabilise at in excess of 1700 MCf per day...possibly as much as 2000 MCF per day

    Do the numbers on that kind of production... It equates to additional income net to Pryme of approx $2 million per annum.

    So along with the first 2 Raven wells and the LaSalle Oil production total annual revenues should now be on track to exceed $4.5 million plus the additional reserves at TurnerBayou that will also add to production when the sales pipeline is connected...another $2.5 million annual there so far and increasing with additional wells drilled.

    If overall market sentiment wasnt so ugly this would be well above 70 cents a share based on income and significant exploration upside. Cheers to those with patience!
 
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