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PRYME ENERGY LIMITED

ASX: PYM

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Pryme Energy Limited is an Australian listed company engaged in oil and gas exploration, development and production. Pryme’s project portfolio includes liquid rich producing assets together with substantial oil development and exploration acreage in the United States.

The Company's Exploration and Production focus is on high growth oil and gas projects offering scalability of production, cash flows and reserves. Pryme currently has several producing projects together with a significant acreage position. The Company's immediate focus is the development of its Capitola Oil Project located in an active region of the Cline Shale resource play along the Eastern Shelf of the Permian Basin, Texas. The project’s core development and exploitation opportunities are shallower multiple “stacked” sandstones and limestones to depths of 7,000 feet which are effectively produced from vertically drilled wells. Pryme’s value driven model is executed through exploiting shallower, well defined intervals with advanced completion and stimulation technology within known produced oil fields together with exposure to the emerging Cline Shale resource play.

Pryme’s shares are publicly traded on the Australian Securities Exchange (ASX ticker: PYM) and also as American Depositary Receipts on the OTCQX (ADR ticker: POGLY).

Mine For

oil, gas

Location of operation(s)

USA

Address

Level 7 , 320 Adelaide Street
BRISBANE, QLD, AUSTRALIA

Phone

(07) 3371 1103

Email

Website


Last Updated

20/3/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.