re: oil wells spudded. should runs up Agreed Mikre,This...

re: oil wells spudded. should runs up Agreed Mikre,

This Announcement reinforces the 15/12/06 announcement that stated the directors hoped the annual net operating income of PYM would reach $2 million by the end of 2006. They said this would be achieved by drilling two new wells in LaSalle Parish.

With it very likely that those drills will be completed one must think this announcement demonstrates that the set program made in the announcement on 15 December 2006 is being followed at this stage.

I therefore draw everyone’s attention to the fact the 15/12/06 announcement showed worked examples of estimated market capitalisation of PYM and valued it at $1.60 per share. Assuming that the program is being followed my prediction is this stock will rise consistently and quickly over the next 4 months. ***At that point most of the projects mentioned in the 15/12/2006 announcement would be complete***

Seems a great buy to me and "The Australian" which rate it is as a 'Speculative Buy', which is positive. I am interested in what others think of this stock?

Iceman

***Note I hold PYM and PYMO and this is not financial advice***