We've been meaning to have a look at Pryme Oil & Gas (PYM), so were interested to find that Perth's RM Research had just completed a report on this junior, giving it a speculative buy tag. The company has small oil and gas production in Louisiana but RM is excited mostly about the Turner Bayou project, where exploration is likely to begin by mid-year.
The analyst says Turner Bayou could yield PYM production of about 2500 barrels a day. RM expects the start of drilling to take the shares above 10c, compared with the last sale at 6.7c.
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http://www.theaustralian.com.au/business/mining-energy/china-demand-drives-gold-stocks/story-e6frg9ex-1225849626073
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