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Re: PYM - Pryme Oil

pussycat2005 said:
if it cracks 60cents tomorrow
RUN
Click to expand...

What makes you believe it has he potential to reach 60c. It seems that oil and gas price is rising and at the same time project has started which promising signs "Study confirms strength of LaSalle Parish Project" stated under its announcement. However the price doesn't support the recent news. Anyone knows the reason behind this? Just profit-making and left with high potential of price rise or simply a bubble and the announcement is false in some way? I am being bit optimistic and stay with my original opinion , that it still has a high space left for rise? Any other thoughts?
 
Re: PYM - Pryme Oil

Oil is up js under 1%, Gas is up more than 2%, believe this can give a hand on PYM tomorrow.
 
Re: PYM - Pryme Oil

There is a consistent 1000 order been listed, any significance bout this? Does anyone noes?
 
Re: PYM - Pryme Oil

Yogi I have been reading about Gann analysis and it seems to be working fairly well with Pym so what next?
 
Re: PYM - Pryme Oil

The recent reports of oil finds are highly encouraging and should be read . They howver did nothing for the share price. I have purchased more today.
 
Re: PYM - Pryme Oil



Hi folks,

PYM ... on the move again and apart from a pullback expected,
around 11062007, time cycles suggest PYM should remain positive,
until about 27072007 .....

happy days

paul

 
Re: PYM - Pryme Oil



Hi folks,

PYM ... figure two major and positive time cycles,
along with a couple of minor cycles should be enough
to lift PYM off the launching pad, yet again ...

Wednesday, 09 May 2007 and we will be looking for
some major positive news and an aggressive rally, too.

15-16 May 2007 ... will see a positive spotlight on PYM ...

31 May 2007 should see yet another positive time
cycle for PYM

PYM ... on the move again and apart from a pullback expected,
around 11062007, time cycles suggest PYM should remain
positive, until about 27072007 .....

happy days

paul



=====
 
Re: PYM - Pryme Oil




Hi folks,

PYM ... in trading halt !~!

..... as per post above, looking good ... !~!

happy days

paul



=====
 
Pryme Oil - a keeper

You've got to be patient with this one.

Read the recent broker report. Understand what they have, where it is AND the (apparent) success of recent drilling!
 
Re: PYM - Pryme Oil

Can you please post the broker report (link if available) or at least the key points please.

I hold.
 
Re: PYM - Pryme Oil



Hi folks,

PYM ... it's TIME to look at this oiler yet again, with two positive
time cycles due to slot into place, soon .....

03-04092007 ..... positive news expected here

17-18092007 ..... positive spotlight on PYM ... looking for
a significant and aggressive rally here.

Updated PYM chart attached.

happy days

paul



=====
 

Attachments

  • PYMupdate30082007.pdf
    47.5 KB · Views: 20
Re: PYM - Pryme Oil

Thanks for the post Trader Paul.
Chart looks great.


I'll try some PYMs.



Will be following the astro stuff.



Up 8.571% today.
 
Re: PYM - Pryme Oil

Ann from 9 August

New Oil Exploration Project ready to Drill

Pryme Oil and Gas Limited (ASX: PYM / OTC: POGLY)
would like to announce the commencement of their participation in an oil exploration project named Saline Point. 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 and is located near Catahoula Lake and South Catahoula Lake fields that have produced 24 million and 4 million barrels of oil respectively to date.

The initial well will be drilled with a land rig in the month of September 2007 during the annual lake drying period. Production facilities will be located on land to the south of the wells and outside of the lake boundary. The prospect is located 2.5 miles south of Pryme’s Routh Point Field in the LaSalle Parish project which has proven reserves of 1.45 million barrels of oil confirmed by an R.A. Lenser and Associates reservoir engineering study.

The first test location will be drilled to a depth of approximately 5,000 feet with the primary objectives being upper sands of the Wilcox formation. Weather permitting a second test will be drilled back-to-back with the first and will be drilled to the same depth targeting middle and lower sands of the Wilcox formation with several additional secondary sands that may be logged productive that are also prevalent in the immediate area. “Pryme’s management has over six years business history drilling more than eighty-five tests throughout the Wilcox basin in LaSalle Parish. Fifty percent of those tests proved successful resulting in several new oil field discoveries. This success rate is double the basin average of only twenty-five percent,” said John Dickinson Pryme’s Chairman. Pryme has a 26.96% working interest (20.22% net revenue interest) in this project. Typical drilling and completion costs for this depth well in LaSalle Parish is US$500,000 per well to the 100% working interest including production facilities.
 
Re: PYM - Pryme Oil

Close - 38c

Ann. - 3 September

Drilling begins on first well in Saline Point Project

Pryme Oil and Gas Limited (ASX: PYM / OTC: POGLY) would like to announce that drilling of the first well
(State Lease 19234 No.1) in the Saline Point oil exploration project has begun. The well is currently at
1,100 feet with the target depth of 5,100 feet expected to be reached late in the week.

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 that have produced 24 million and 4 million barrels
of oil respectively to date.

Pryme has a 26.96% working interest (20.22% net revenue interest) in this project. Typical drilling and
completion costs rateable to Pryme’s interest for this depth well in LaSalle Parish is US$134,800 per well,
which includes production facilities.
 
Re: PYM - Pryme Oil

Ann.

Target Depth Reached on first well in Saline Point Project

Pryme Oil and Gas Limited (ASX: PYM / OTC: POGLY) would like to announce that the first well (State
Lease 19234 No.1) in the Saline Point oil exploration project has been reached its target depth of 5,100
feet. The well is currently being logged and cores have been taken for analysis. We expect to report the
result of this test in the next 48 hours.

Pryme has a 26.96% working interest (20.22% net revenue interest) in this project. Typical drilling and
completion costs rateable to Pryme’s interest for this depth well in LaSalle Parish is US$134,800 per well,
which includes production facilities.
 
Re: PYM - Pryme Oil

the well ended up being dry, do you think that pym's price is gonna drop alot over the next few weeks until the next well is drilled?
any opinions?
thanks
 
Re: PYM - Pryme Oil

adambosso said:
the well ended up being dry, do you think that pym's price is gonna drop alot over the next few weeks until the next well is drilled?
any opinions?
thanks
Click to expand...

If you are smart you might like to put a sell order in before 10am tomorrow. It worked for me with one listed coy after reading bad news in the Age one morning I placed a sell order @10cents which was executed with the next sale @5.5cents. You have gotta get lucky at least sometimes.
 
Re: PYM - Pryme Oil

I suggest that you have a look at their web site, (www.prymeoilandgas.com.au) and look at the projects they currently have on the go.

I acknowledge that there was a dud this week but they have several other projects on the go not related to the Saline Point project.

I have held for a few months at a much higher price than todays share price.

I will continue to hold pending the results of some of the other projects especially Raven.
 
Re: PYM - Pryme Oil

adambosso said:
the well ended up being dry, do you think that pym's price is gonna drop alot over the next few weeks until the next well is drilled?
any opinions?
thanks
Click to expand...


Chart enclosed
From a technical point of view PYM has been in a long term downtrend. It has breached previous support at .35 c on reasonably high volume and if it closes below .30 c I would guess that it will keep on going lower. Its got some of the features of a descending triangle pattern and when they break lower on higher volume they tend to keep on going.I don't know anything about its fundamentals but just read ?AFR ?OZ it had struck dry yesterday or today. ? did the price drop before or after the notification of the drilling news.

Garpal
 

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