Well, I have done some more homework this afternoon to see where my Pryme stock is at. (Not Bloody Far!! LOL!!)
Basically, it's like it's at "The start of a journey...".
Lets have a look at the strategy in play here-
We have Laselle Parish(oil) and now Raven(gas) contributing to cash flow for the company.
We have Turner Bayou about to have 15 wells drilled in quick succession this over the next 3 qtrs.
Raven to have a well drilled every qtr.
The Farming out of 3 other projects. Atocha could be started by early next year, and is MASSIVE- 1TCF.
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Against their peers Pryme is 25th on market cap and 9th on cash flow. Now remember this was before todays result!! I wonder where Pym has moved up to now.
Yes, it may be a journey but it might speed up from here.
Pryme reminds me so much of Cvn and where that was 6 months ago.
Just my thoughts....
mm
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