News: Pryme’s Turner Bayou Project a Company Maki, page-4

re: News: Pryme’s Turner Bayou Project a Comp... I ended up buying some, looks like their geological modeling is correct just they have had problems with getting the packers plus liner system to work in the last couple of deep horizontal wells.
Bit of luck and next time hopefully they wont destroy the fracture system before the donkey starts pumping.

PYM's portion of cost for the next well should be around $3M and they could end up with 400 bbs a day to them which is worth the risk IMHO especially since the wells tend to take a couple fo years to drop down to 50% of their full flow rates.
They have around $5M in the bank plus around 90 barrels for revenue coming in so hopefully they will be able to drill the next well without a cap raising.