PYM 0.00% 0.0¢ pryme energy limited

The Crosby 16 No.1 well in the Kelly Hill Prospect of the Four...

  1. 239 Posts.
    The Crosby 16 No.1 well in the Kelly Hill Prospect of the Four Rivers project has been successfully completed and has commenced production at 90 barrels of oil per day. It is likely that production will stabilise at around 50% of this rate over time. However, utilisation of a nearby salt water disposal well is being evaluated with a view to increasing total fluid production from the well and optimising oil production. Pryme’s Net Revenue Interest in the Crosby 16 No.1 well is 18.75% (25% Working Interest.).

    So this is 45per day of which they get 9 barrels/day....wow big income stream. Mind you at 9cents it probably is worth a small bet.
 
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