Averil.. please dont get confused here or give the wrong idea to new comers.. there will be no oil from Turner Bayou drilling... its Gas were looking for mate!
And go read a few more announcements or look at that september presentation again... this is not just one single prospect that will launch the company...
Pryme has in its sights:
Raven 50 BCF( 10 wells) ,
Condor 80 BCF,
Kestrel 33 BCF,
Turner Bayou 30 BCF( 30 wells),
Atocha 1.25 TCF (15 wells),
Checkmate 1 TCF,
Saline Point 2 million barrels, 4 wells...
Any one of these prospects can generate significant revenues for a small company like Pryme .. if one hole is dry does it doesnt really matter as there are many more opportunities for success here.( unlike GDN..what a failure with nothing to fall back on) At least 12 wells are going to be drilled in the next 4 months.. so maybe re assess where things are at after the first quarter next year when quarterly revenues could easily surpass $1 million. cheers
what does it need to do, page-7
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