PYM 0.00% 0.0¢ pryme energy limited

LOTM,yes a good presentation.Swift have a lot better gas drive...

  1. 708 Posts.
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    LOTM,yes a good presentation.

    Swift have a lot better gas drive with their wells,and correlates well with condensate/wet gas zone in the eagle ford shale.

    Unfortunately, Prymes wells have much smaller gas drive.

    The key to this play for pryme is getting the connectivity of the natural fractures and the well bore right.

    I dont think pryme are far wrong with their est ip of 1000bls+ and eurs of 750-1500 k bls per well.

    The oil is there,proven in an easterly,southerly and westerly directions around their acreages.

    Rabalais-35 may well prove to be too far north of faulting edwards reef trend.

    One positive for pryme is that drilling technology is improving almost on a monthly basis.

    Next well due to spud end of April.

    All the best.
 
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