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PYM Pryme Oil & Gas.
Hi Yogie,
Do not know a fig about your astology etc......but with Pryme Oil and Gas (PYM) ...... yes; I can see some distinct, and .....ahead of the game ...... Management Operational excellence..... and Oil Gas savvy Assets and Strategy here.
Pryme (PYM) - is also frankly therefore, imo, potentially one of the most undervalued and juicy Oil Gas plays that are going into the next up garde stage on the ASX currently, and are consequently on my holdings and my radar.
That is of course, alongside and apart of course,from my other fave, Gulf X -- (GLX) . .... and another medium weight Oiler that is sitting on waht I perceiie to be, millions of barrels of Black Gold (OIL)... being NDO, but that is anther story for another time.
That last Pryme Oil PYM anouncement on Friday night, was excellent, and the Market Did not notice it.....ie: Drill Rig NOW in place and ready to go NOW, and yes, that is: one months ahead of schedule.
For other reasons as well,(to do with actual Targets and Oil/Gas low risk Assets) which I will note next time, I REALLY do like Pryme Oil & Gas, (PYM), and Do see, imo only..... shortly ahead, a few bags of cold crownies ahead for Pryme Oil & Gas investors....(PYM).
Kindest Regards,
Robbo 
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Pryme Oil & Gas (PYM)
Hi Yogi and Sharetraders/Investors all,
More I research, dig and investigate... the more I Highly do rate strongly and like this Oil Stock. --Pyme Oil (PYM)
--imo (PYM) is highly undervalued, now and with imo lots of upside potential.
-Should now soon, see strong News Flow for Pryme Oil (PYM) ....from current Drilling in operation now, .... start to emerge....
Promise to put down (here at Sharetrader) -- some solid research and hard data on Pryme Oil (PYM) and why I rate it so highly, and interpretation of these factors on (PYM) on the 'morrow....
Kindest Regards,
Robbo
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Pryme Oil and Gas (PYM)
Hi Yogi,(how- ya been? ...)
Probably you are are right Yogi .... [ ]
Just do also remember, that in the context of this first excellent Oil Drilling result, that Pryme Oil is still only a micro small cap size of only $11-12 million dollars, Market Cap .....
Therefore, imo only, upside-- []--from here is ..... rather high and significant indeed......
So here then Yogi ..... and all Pryme (PYM) Oil & Gas watchers; is the Latest (fresh off Press) full and complete ASX Announcement from Pryme Oil & Gas (PRY re:
(1) The new Pryme Oil & Gas (PYM) just annoucned now commercial Oil recovery shows ....
and
(2) the to arrive this month (June) commissioned from the high-profile petroleum engineering firm,(Lenser & Associates of Houston), of the soon to be completed .....
.... --- >> a Oil/Gas Reserve Report << on the LaSalle Parish Project, which will show: "Proved, Producing, Probable and Possible reserves by the conservative “deterministic” method required by .... banking institutions. ...." (again quoted from the just announced ASX Report today, from (PYM)...
.... and ....
(3) Awaiting more Results also on drilling this month too as can be inferred.
ASX Announcement / Media Release. -- 6 June 2006 --
New Oil shows, found at LaSalle Parish Project, Louisiana
Belle Exploration Inc, has advised that the SU118 No.2 step-out well was successfully drilled to a total depth of 4,400 feet (1,341 metres) and encountered five feet of the G-1 sand.
A core analysis indicated..... excellent permeability .....and the completion of the well has begun with the running of well casing.
Commercial oil shows were also recovered from two other secondary objectives, the F-1 and the F-4 sands which each contained 4 feet of pay.
Marginal oil shows were also recovered from the C-2 sand and the F-2 intervals. The F-1 and the F-4 zones will be kept as Proved, Undeveloped formations for future recompletion up the hole.
“We are pleased with the success of this well and look forward to drilling the next development well, Coleman No. 6, to increase production and revenues and capitalise on current high oil prices,” said Pryme Managing Director Justin Pettett.
Pryme (PYM) has a 10% working interest (7.5% net revenue interest) in the SU118 well, which is operated by Belle. The G-1 sand is currently producing at a rate of +/- 75 barrels of oil a day to the south and has cumulative production that exceeds 56,000 barrels since December 2003.
As previously announced, the Directors have commissioned Lenser & Associates of Houston, a high-profile petroleum engineering firm, to complete >> a Oil/Gas Reserve Report << on the LaSalle Parish Project, which will show Proved, Producing, Probable and Possible reserves by the conservative “deterministic” method required by .... banking institutions. ....
Completion of this Report has been delayed and it is expected to be now received by the Company (PYM) later this month (June) and announced shortly thereafter.
Pryme Oil and Gas Limited (PYM) is an emerging Australian, ASX-listed company focused on seeking out and evaluating investment opportunities in oil, natural gas and coal bed methane projects in the U.S.
Directors of the company include John Dickinson (Non Executive Chairman), Justin Pettett (Managing Director), Ryan Messer (Non Executive Director) and Ananda Kathiravelu (Non Executive Director).
For further information please contact:
Justin Pettett
Managing Director
Pryme Oil and Gas Limited
Telephone: +61 07 3371 1103
Email: justin@prymeoilandgas.com Dudley White
Savage & Horrigan, An Orgilvy PR Worldwide Company
Telephone: +61 02 8281 3235
Email: Dudley@savage-horrigan.com.au
The geological information included in this announcement is based on information provided by Mr James Stewart, a qualified geo
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