When you buy into a hydrocarbon play you should usually do so...

When you buy into a hydrocarbon play you should usually do so for stock that is a potential 8-10 bagger - because the risks of not making it are pretty high (most oil/gas specs eventually go broke - otherwise we would have millions of O&G producers in the world instead of a few thousand).

If the planets line up, given the low market cap of Pryme the dividends could easily reach 50c which would give a SP of around $3-$4 (typical PE for hydrocarbon play is low (4-8, or around 10 for larger/more diversified companies) due to short production life of most wells).

If many would be predicitng a SP of $2-$4, why so surprised about a dividend potential of 50c.

I think if you re-read the broker predictions of SP it is consistent with sort of figure. You do have to believe the reports were truly indpendent though! (I am told the numbers in the report add up and are reasonable and tending to the more conservative side).