28 October 2014 The Company Announcements Platform Australian Securities Exchange Exchange Centre 20 Bond Street SYDNEY NSW 2000 Capitola Oil Project Update and Investor Presentation Please find enclosed a copy of a presentation to…
ASX: PYM OTCQX: POGLY Experienced Management Team Permian Basin Focused Predictable Exploration Environment Poised for Growth Investor Presentation 28 October 2014
Key Highlights Pryme Energy Limited (ASX: PYM OTCQX: POGLY) is a publicly listed oil and gas exploration and production company focused on the exploration and development of stacked multi-pay resource opportunities in the Permian Basin,…
Experienced Board and Management Team George Lloyd (Chairman) Ryan Messer (Executive Director , COO) Over 30 years senior management, board and Prymes founding COO since April 2006 corporate advisory experience with a listed company 20…
Experienced Geoscience and Technical Team Ryan Holcomb (Capitola Petroleum Engineer) Over 10 years direct experience in the Permian Basin, Texas. Focus on operations, secondary recovery implementation and facility design. Worked for…
Capitola Oil Project Permian Basin, Texas Located along the Eastern Shelf of the Permian Basin in Nolan and Fisher Counties, Texas Farm-in (earn-in) structure provides up to 75% WI, 56.25% NRI (50% WI in the Cline Shale) in 9,333…
Positive initial drilling results Mahaffey Bishop PU1 Mahaffey Bishop PU1 Reached target depth of 6,090 feet (1,856 metres) Mud log data collected while drilling, and electric logs run post drilling, indicate that the primary…
Drilling Continues in Capitola McCain 189-F1 Currently drilling to target depth 7,300 feet (2,225 metres) Targeting multiple stacked objectives including: the productive Canyon Sands and other untested Canyon Sands Palo Pinto McCain…
Capitola Oil Project Vertical Well Activity Strong endorsement for Capitolas acreage evidenced by: Increasing nearby vertical well activity with great initial results, including Gunns recent permit 1 mile north of Claytonville block…
Horizontal Well Activity Endorsement for Capitolas acreage evidenced by recent activity: Devon Energy recently brought online two additional horizontal wells in proximity to Capitola A direct offset to Bishop 1H well (1 mile west of…
Capitola Oil Project 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…
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 large offset…
Investment Summary Prymes key drivers: Stable existing oil production and reserves Capitola: low risk + scalable + upside = growth Demonstrated ability to find/transact growth assets Experienced Board and Management Focused on…
Contact details Australia USA Justin Pettett Ryan Messer Managing Director/CEO Executive Director/COO Pryme Energy Limited Pryme Energy Limited Telephone: +61 7 3371 1103 Telephone: +1 713 401 9806 Website: www.prymeenergy.com ASX…