Great post, nothing there i didnt know before, but I believe TB is app 50000 acres all up including the 24000 acre austin chalk (9,600 net to PYM) project in which it has a 40% WI. the 30 wells are just for the austin chalk at 640 acre spacing.
From PYM website:
'Turner Bayou is one of Pryme’s high value projects. It is located in Avoyelles Parish, Louisiana. Pryme has a 40% working interest in the Turner Bayou Chalk project, which is contained within the Turner Bayou 3D seismic survey, and a 52% working interest in the balance of the Turner Bayou project area. The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey'
My post compared AUT to PYM using June 2010 AUT details, that was all I refered to, dont know why you inferred I was lying?
PYM Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
