Excellent news ...More gas has been found in Turner Bayou... with more wells to come looking good!
Expect even better news from Pryme at the end of this week or early next week regarding the flow testing and completion of the 3rd Raven well Patterson no.1 which is due to be carried out on thursday/ friday.... this has the potential to be more than 2000 mcf per day which will more than double existing income.
i've heard sales from the 2nd Raven well ( flowing at 850 mcf per day plus 20 barrells condensate) are running at about $100,000 per month so slowly but surely the revenues are creeping up, and going exponential by the end of the year once we get sales dollars in from TB and all of the Raven wells combined.
hard to believe the price wont react favourably sooner or later... go figure!
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