Solid and interesting research!! It makes sense to be conservative, but just to be more accurate, it needs to be remembered that we are a "G" as well as "O" producing company. Currently we are selling 200Mcf per day of natural gas (150Mcf per day net to Pryme) derived from McCain 189-F1. Using a conversion factor of 6, this equates to 25boe. This increases production by 25/125 = 20% and the share price estimate to the 1.5c to 1.9c range. We are currently at 0.6c, with an additional well coming on line and one well to be completed!!!
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Solid and interesting research!! It makes sense to be...
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