re: News: Pryme Energy exposed to emerging sh... Here's some...

re: News: Pryme Energy exposed to emerging sh... Here's some more very useful information - from a privately held LLC in Houston - IndigoMinerals

Basic Picture of their Austin Chalk and TMS position as well as others - you can find Pryme as Nelson
http://www.indigominerals.com/property/Webslideshow4.pdf


The following preso I like alot - finally got the type curve. Note the delineation into East and West plays. Pryme is East - much oiler than West which has a lot of NGLs so EUR much higher, but on an oil basis the East yields higher.
Note also the comment re low gas rates requiring artifical lift. This is a partial sale of their assets so will give a another good indication of PYM valuation.

http://bmo.us.idrsite.com/Login%20Page%20Document%20Library/Indigo_Austin%20Chalk/Indigo%20Austin%20Chalk%20Exec%20Summary_Final.pdf



This presentation done in OCt 2011 - more good background.
http://www.indigominerals.com/docs/DUGEFC.pdf


This may have been posted before, but reinforces the potential that exists if TMS mirrors EFS.
http://www.goodrichpetroleum.com/presentations/MgmtTMS.pdf


Probably jump in via GDP or HK in the USA. However at 7.3cps PYM would be value at $10 bblo on its 2P Reserves - which is a steal.

Being funded the way they are, current weakness is surely attributable to messy execution. Lets see how PYM does as the operator now.

GLTA.