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More good news - gas from PYM
Hit 56.5c and fell back to 52c

I am still holding for more to come ....

Raven Well Hits Primary Gas Targets

The second well (Grable 15#1) in the Raven exploration project has reached planned total depth of
11,000 feet and as a result of the log analysis, the decision has been made to set production casing. As
forecasted, the two primary objective zones the “C” sand and the “Price” sand were encountered
correlating with strong gas shows from the mud log during the drilling phase.

“This test further reinforces the execution of
our “Long Play” strategy that the Board of
Directors has put in place for the growth of
Pryme along with confirming our robust
collection of exploration projects that we are
working to convert into real value for our
shareholders. We are very happy with the
logging. Getting Raven and Turner Bayou
underway leading up to the Christmas break
should see Pryme add natural gas and
condensate to its existing oil revenues”, said
Justin Pettett, Pryme’s Managing Director.

“The Pryme team remains focused on our goal
of generating earnings and building reserves
towards our target of building a A$300-A$500
million company in 3 to 5 years. We’re
expecting a strong 2008 to build on these
latest results.â

...

<blockquote data-quote="moneymajix" data-source="post: 928461" data-attributes="member: 7900">More good news - gas from PYMHit 56.5c and fell back to 52cI am still holding for more to come ....Raven Well Hits Primary Gas TargetsThe second well (Grable 15#1) in the Raven exploration project has reached planned total depth of11,000 feet and as a result of the log analysis, the decision has been made to set production casing. Asforecasted, the two primary objective zones the “C” sand and the “Price” sand were encounteredcorrelating with strong gas shows from the mud log during the drilling phase.“This test further reinforces the execution ofour “Long Play” strategy that the Board ofDirectors has put in place for the growth ofPryme along with confirming our robustcollection of exploration projects that we areworking to convert into real value for ourshareholders. We are very happy with thelogging. Getting Raven and Turner Bayouunderway leading up to the Christmas breakshould see Pryme add natural gas andcondensate to its existing oil revenues”, saidJustin Pettett, Pryme’s Managing Director.“The Pryme team remains focused on our goalof generating earnings and building reservestowards our target of building a A$300-A$500million company in 3 to 5 years. We’reexpecting a strong 2008 to build on theselatest results.â...</blockquote>

[QUOTE="moneymajix, post: 928461, member: 7900"] More good news - gas from PYM Hit 56.5c and fell back to 52c I am still holding for more to come .... [B]Raven Well Hits Primary Gas Targets[/B] The second well (Grable 15#1) in the Raven exploration project has reached planned total depth of 11,000 feet and as a result of the log analysis, the decision has been made to set production casing. As forecasted, the two primary objective zones the “C” sand and the “Price” sand were encountered correlating with strong gas shows from the mud log during the drilling phase. “This test further reinforces the execution of our “Long Play” strategy that the Board of Directors has put in place for the growth of Pryme along with confirming our robust collection of exploration projects that we are working to convert into real value for our shareholders. We are very happy with the logging. Getting Raven and Turner Bayou underway leading up to the Christmas break should see Pryme add natural gas and condensate to its existing oil revenues”, said Justin Pettett, Pryme’s Managing Director. “The Pryme team remains focused on our goal of generating earnings and building reserves towards our target of building a A$300-A$500 million company in 3 to 5 years. We’re expecting a strong 2008 to build on these latest results.â ... [/QUOTE]

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