Pryme Oil & Gas made it to 9.0 cents this past week albeit on insignificant
volume. But the company now has a second cash contributor in its Four
Rivers project where it has already enjoyed some success with at least two of
the first four wells being completed for production.
Pryme will be drilling at least two wells a month in 2009 on its Four Rivers
project where it has a 25% interest. It already has production net to PYM of
40 bopd from its LaSalle Parish project and gas production from Raven.
We think Pryme has the potential to equal or surpass Red Fork’s success.
RFE this week closed at $1.11.
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