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HCD - Hydrocarbon Dynamics

Discussion in 'Stocks 0-H' started by yogi-in-oz, Apr 19, 2006.

  1. Mazrox

    Mazrox Tragic

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    Re: PYM - Pryme Oil

    The announcement came out 10.30-ish on Wed 12th. Closed at 37c on the 11th, so the drop came after the announcement.

    Struggled in the low 30's all day yesterday.

    Hoping for some better news in the not too distant future!

    Maz
     
  2. moneymajix

    moneymajix

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    Re: PYM - Pryme Oil

    ANNOUNCEMENT
    ! Project Summary and Progress Update


    http://www.asx.com.au/asxpdf/20070925/pdf/314qnymy83vtz6.pdf


    Raven Project (40% Interest)


    The first well in the Raven Project, the Spinks-Middlebrooks #11-1, reached planned total depth of 10,830
    feet and was successfully logged. Several intervals were identified that correlate with the gas shows
    during the drilling phase and appear to aggregate a sufficient amount of total pay in at least three zones.
    A natural gas discharge pipeline has been installed and the perforating and fracturing of the first two
    zones is almost completed with flow tests and detailed initial results to be reported later this week and
    through next week. This is the first of a minimum ten well program to be drilled in this project. The next
    well in this project is scheduled to be drilled in November, and then one well drilled every quarter as per
    the above drilling program.


    Sp. 33c
     
  3. flyboy77

    flyboy77

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    Re: PYM - Pryme Oil

    Just to highlight they key words there.......this could be the turning point for PYM.

    Note also the end of the corporate presentation - PYM is 9th largest oil company by revenue (Aust oil coys working in the US) but 25th by market cap.
     
  4. moneymajix

    moneymajix

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    Re: PYM - Pryme Oil

    Flyboy77


    Thanks for pointing that out.

    Worth taking a look at the presentation.

    Price is down currently to 32.5c. Tempting.


    :star:
     
  5. moneymajix

    moneymajix

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    Re: PYM - Pryme Oil

    40c as of, NOW.

    Up over 5%.

    News from Raven expected soon. So some getting on in expectation.


    I would be interested to have an update from Trader Paul re his astrostuff.
     
  6. moneymajix

    moneymajix

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    Re: PYM - Pryme Oil

    Some money majix...

    :)


    Results from Raven


    From the ann.

    “This is an excellent result for the company as we are producing natural gas directly into the market. Our pre-planning and time spent in laying our discharge line and testing this well effectively has definitely been worth the wait. At calculated flow rates, revenues net to Pryme meet our target of US$70,000 per month, adjusted for US$6.50/MMBtu gas, royalty and severance tax. This is the first result in Pryme’s strategy of increasing earnings through the drill bit with first cash receipts expected from gas sales in December. Investors will be able to gauge this success through an increase of revenues in our quarterly cash flow reports starting in calendar Q1 in 2008,” said Justin Pettett, Pryme’s Managing Director.
     
  7. adambosso

    adambosso

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    Re: PYM - Pryme Oil

    5 November 2007
    Drilling begins on second well in Saline Point Project
    Drilling of the second test well (State Lease 19234 No.2) in the Saline Point oil exploration project began on the weekend. Drilling is currently at 2,000 feet with the target depth of 5,100 feet expected to be reached late this week.
    The initial test well (State Lease 19234 No.1) in this oil exploration project was drilled in early September 2007 and was logged showing oil in three of the primary objective Middle-Wilcox sands. Through further core analysis it was determined that these sands did not have commercial potential in that wellbore. The geology was re-mapped for further definition and a second location derived targeting oil shows encountered in the No.1 well.
    This project is located in the southern portion of Catahoula Lake in LaSalle Parish, Louisiana. The project will target in excess of 2 million barrels of oil from the upper sands of the Wilcox formation and is located near Catahoula Lake and South Catahoula Lake fields which are prolific oil producing regions.
    Pryme has a 26.96% working interest (20.22% net revenue interest) in this project. For further information please contact:
    Justin Pettett Managing Director Pryme Oil and Gas Limited Telephone: +61 7 3371 1103
    Email: justin@prymeoilandgas.com
    Ryan Messer President Pryme Oil and Gas Inc Telephone: +1 832 487 8607
    Email: ryan@prymeoilandgas.com
    Pryme Oil and Gas Limited is an Australian oil and natural gas producer and explorer with interests in the U.S., the world’s biggest oil market. The company has an exceptional suite of exploration projects focused on Louisiana, the fifth-largest oil-producing state in the U.S. These projects are funded in part by existing cash flow. Pryme’s management team has a total of almost 50 years of energy industry experience and has uniquely focused local knowledge, underscored by the proven track records of its managers and directors. Directors of the company are John Dickinson (Non Executive Chairman), Justin Pettett (Managing Director), Ryan Messer (Executive Director), Ananda Kathiravelu (Non Executive Director) and Philip Judge (Non Executive Director).

    make or break time
     
  8. BMTT88

    BMTT88

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    Re: PYM - Pryme Oil

    Commercial quantities of oil found but no movement? :banghead:

    Oil Discovery Made in Saline Point Project
    The second test (State Lease 19234 No.2) in the Saline Point oil exploration project reached its target depth of 5,100 feet resulting in the discovery of our primary oil objective in the Middle-Wilcox sequence. Core samples were taken and analysed to confirm the well log reading and presence of commercial quantities of oil between shale with no water contact evident. Several other oil shows were present, and will require additional drilling to test.
    The election was made to run production casing and complete the well, which will begin immediately with first oil expected to be sold by year’s end.
    “We are very pleased with the result from this test, specifically the possibility of additional oil sands. Using the information obtained from this test the subsurface geology will be remapped and additional locations derived to test the extent of the reservoir,” said Justin Pettett Pryme’s Managing Director. “This well adds valuable oil reserves to Pryme’s balance sheet and demonstrates the board’s execution of its growth strategy. As stated in the past shareholders will be able to gauge this success through an increase in revenues in the cash flow reports each quarter.”
    This project is located in the southern portion of Catahoula Lake in LaSalle Parish, Louisiana. The project is targeting in excess of 2 million barrels of oil from the upper sands of the Wilcox formation and is located near Catahoula Lake and South Catahoula Lake fields which are prolific oil producing regions.
    Pryme has a 26.96% working interest (20.22% net revenue interest) in this project. Drilling of the first group of Frio objective wells in the Turner Bayou 3D seismic project and second Raven project well is expected to begin later this month as planned and outlined in the drilling timetable enclosed in this announcement. For further information please contact:
    Justin Pettett Managing Director Pryme Oil and Gas Limited Telephone: +61 7 3371 1103
    Email: justin@prymeoilandgas.com
    Ryan Messer President Pryme Oil and Gas Inc Telephone: +1 832 487 8607
    Email: ryan@prymeoilandgas.com
     
  9. moneymajix

    moneymajix

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    Re: PYM - Pryme Oil

    38.5c, up 7%.

    Down day.

    Patience, I guess.

    With rising oil prices this should be going higher once oil is sold later in the year.


    and

     
  10. moneymajix

    moneymajix

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    Re: PYM - Pryme Oil

    40c, up 11+%

    I have noticed the share prices has moved up prior to news in the past.

    Drilling going on.
     
  11. moneymajix

    moneymajix

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    Re: PYM - Pryme Oil

    Last price - 42c

    Pre open

    More gas... doesn't surprise me.


    12 December 2007

    Gas Found in First Turner Bayou Exploration Well

    The first exploration test (Bordelon 25 No. 1) in the Turner Bayou 3D seismic project has reached total
    depth of 4,900 feet and was logged, resulting in the discovery of gas in the Frio interval. Core samples were taken and are currently being analysed.


    http://www.asx.com.au/asxpdf/20071212/pdf/316fz784d9hg6f.pdf


    :)


    Addition:

    Close 44.5c, up 7.229%
     
  12. flyboy77

    flyboy77

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    Re: PYM - Pryme Oil

    Correction - the stock reopened for trading at 16.10.00 in the after market...


    closed at 44.5 with strong bids.

    looking forward to tomorrow....
     
  13. moneymajix

    moneymajix

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    Re: PYM - Pryme Oil

    Rewards for the patient

    50c
    Up 12.360%

    See ann. late yesterday.

    This Oil and gas stock in the US has been under the radar.
     
  14. moneymajix

    moneymajix

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    Re: PYM - Pryme Oil

    Keep it coming...

    Again...

    more gas from PYM


    See today's ann.

    Raven Well Hits Primary Gas Targets

    :)

    Hit 56.5c, currently 52c.
     
  15. adambosso

    adambosso

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    Re: PYM - Pryme Oil

    Anyone got any information about pym recently...
    found oil and gas yet the price has barely moved?

    is the something im missing?

    thankss
     
  16. Putty7

    Putty7

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    Re: PYM - Pryme Oil

    Have been watching this one for a while, not a lot of shares on offer, market cap of 13 million, share holder value of 29 million, cashed up in a big way with no debt, currently drilling, just wondering if this one is flying under the radar or if I am missing something, SP up today on low volume.
     
  17. Putty7

    Putty7

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    Re: PYM - Pryme Oil

    SP up a bit today, again on low volumes and possibly being manipulated upwards because of this, the Catahoula Lake Project is interesting because of the 10 wells they plan to drill next year, owning the gear to do it must save a bundle in costs and time restrictions, they have money in the bank and a good cashflow from existing wells, the book value of these last year was .25c according to Etrades data, after some acquisitions and low oil and gas prices earlier this year reducing cashflow I think the book value works out around .15c off my calculations but they could be out, Etrade don't have 2009 figures as yet. Any comments or better data would be welcome.
     
  18. Putty7

    Putty7

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    Re: PYM - Pryme Oil

    Nice announcement for PYM today, no volumes to go with the show but it is still early days and they have a lot of wells planned in this area for later this year.
     
  19. Kremmen

    Kremmen

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    Re: PYM - Pryme Oil

    PYM is suddenly 20% up today on decent volumes. The recent CR at 8c/share was extended to 30 Nov, which will be much better for them now that SP is above 8c.
     
  20. gerkin02

    gerkin02

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    Re: PYM - Pryme Oil

    Encouraging results to date with significant natural fracturing encountered and oil/gas flaring to the surface.

    4500ft lateral being drilled into the austin chalks guided by 3d seismic

    Flow test will be the key.

    All the best.
     
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