ASX: PYM OTCQX:POGLY AGM Presentation 22 April 2015 US-focused oil and gas explorer and producer
Corporate snapshot US-focused, rapid-growth oil and gas explorer and producer Company overview Board and management Oil and gas exploration and production company George Lloyd Justin Pettett Focused on the exploration and…
2014 performance During a period of challenging market conditions for all oil and gas companies (particularly junior), Pryme has re-capitalised and drilled wells increasing production and reserves 2015 will extend on the significant…
Energy sector performance last 6 months Pryme has experienced unfavourable share price movements, as has the rest of the sector, but has outperformed on a relative basis Continued operational performance at Capitola and the sale of the…
Pryme is significantly undervalued Negligible value is currently ascribed to producing assets and Capitola Pryme is currently trading well below its cash backing of A8.4m as at 31 December 2014 Pryme receives stable cash flows from…
Pryme is extremely well capitalised Pryme has an enviable cash balance at a time where small cap energy companies are finding funding conditions difficult Pryme has established a cash balance that sees it fully funded for future…
Prudent cost management Pryme continues to actively manage its administration expenditure and stands out relative to peers as being prudent Relative to its ASX-listed producing peers…
Pryme is a compelling investment Pryme is perfectly positioned to invest in its own assets and assess current opportunities to optimise the creation of shareholder value Pryme has the unique position in the current environment to…
Producing assets are of a high quality Asset summary Key points on assets: Stable existing oil production and reserves from Four Rivers Capitola: low risk + scalable + upside = growth Demonstrated ability to find/transact growth…
Capitola Oil Project overview Capitola is Prymes flagship asset with a large production program underway Project information Acreage overlies two proven oil fields containing redevelopment and secondary recovery opportunities Location…
Capitola first 2 wells in production The first 2 Capitola wells were completed on time and are currently producing Mahaffey Bishop PU1 Reached target depth of 6,090 feet (1,856 metres) Intersected 34 net feet (10 net metres) of oil…
Capitola third well, McCain 189-F1 McCain 189-F1 reached target depth on 5 November 2014 McCain 189-F1 Reached target depth 7,300 feet (2,225 metres) approx. 170 net feet (51 net metres) of oil and gas saturated sandstones,…
Four Rivers Project overview Four Rivers is a producing asset providing Pryme with ongoing cash flow Project information Mature project that requires low management intensity Location Louisiana and Mississippi Extends from Winn,…
Australia USA Justin Pettett Ryan Messer Managing Director/CEO Executive Director/COO Telephone: +61 7 3371 1103 Telephone: +1 713 401 9806 Website: www.prymeenergy.com ASX Code: PYM OTCQX Code: POGLY 14
Appendix A Further Capitola detail 16
Multiple opportunities at Capitola Local Stratigraphic Column Low Risk Development Objectives in Canyon Sands (down-spacing opportunities) 4900 Foot Sand MD 4,900 feet (proven) secondary objective 5200 Foot Sand MD 5,200 feet…
Capitola vertical well activity Surrounding areas are undergoing significant vertical drilling activity from large O&G operators Strong endorsement for Capitolas acreage evidenced by: Increasing nearby vertical well activity with…
Capitola horizontal well activity Endorsement for Capitolas acreage evidenced by recent activity: Devon Energy recently brought two additional horizontal wells in proximity to Capitola online A direct offset to Bishop 1H well (1 mile…
Capitola multiple well targets Multiple stacked conventional targets with Cline Shale upside (large independents currently proving up play) Additional upside exists in potential for horizontal development of Canyon Sands and at least…
Capitola resources Capitola Oil Project potential significant resource on low estimate Development Strategy Drill low risk vertical wells (circa 7,500 feet in depth) to build production, cash flow and HBP acreage (all depths) Leverage…
Appendix B Board and management team 22
Board and management team Experienced team with a demonstrated ability to find and transact growth assets George Lloyd Justin Pettett Non-Executive Chairman Executive Director, CEO Over 30 years senior management, board Prymes CEO…
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