ASX: PYM OTCQX: POGLY Experienced Management Team Predictable Exploration Environment Poised for Growth Investor Presentation 30 June 2014
Key Highlights Pryme Energy Limited (ASX: PYM OTCQX: POGLY) is a publicly listed exploration and production company, operating out of Houston, Texas with corporate offices in Brisbane, Australia and additional technical and specialised…
Pryme Capitalisation Summary ASX Code PYM OTCQX Code (American Depositary Receipts) POGLY Shares on issue (following rights issue) 344,453,990 Market capitalisation A5.8 million Share price range (12 months) A0.012-A0.037 Current Price…
Pryme Capitalisation Summary Post Rights Issue The capital structure of Pryme following the Rights Issue assuming full subscription could be as follows: Shares Options1 Existing Securities 344,453,990 - New securities issued under…
Capitola Oil Project - Permian Basin, TX Significant upside in a proven oil play for Pryme and its Located in the west central region of Texas at the shareholders Justin Pettett, Managing Director edge of the Eastern Shelf of the…
Capitola Oil Project Multiple well targets Pryme will earn a 75% WI (56.25% NRI) in all depths to the top of the Cline Shale formation in the 9,333 acres project area (7,000 net acres to Pryme) and a 50% WI (37.5% NRI) in the Cline…
Capitola Oil Project - Potential Development Strategy Drill low risk vertical wells (circa 6,000 feet in depth) to build production, cash flow and HBP acreage (all depths) Leverage large offset operators (Devon, Range) drilling the…
Capitola Oil Project - Alignment of Interest to Shareholders Capitola Earn Terms Earn in structure provides Pryme shareholders with the optimum balance of risk versus reward Pryme is operator of the project and will earn its interest by…
Why Focus on the Permian Basin Most active basin in the United States The basin is the largest resource in the U.S. (rig count and recoverable resources) Predictable vertical well economics stacked pays Increased use of enhanced…
Capitola Oil Project Multiple Vertical Well Opportunities Local Stratigraphic Column Low Risk Development Objectives (down-spacing opportunities in Canyon Sands) 4900 Foot Sand MD 4,900 feet (Proved) secondary objective 5200 Foot Sand…
Capitola Oil Project Vertical Well Activity Capitola Shallow (75% WI, 56.25% NRI in 9,333 acres (7,000 net acres to Pryme) to all depths above the Cline Shale) Phase 1 - drilling of two wells planned for Q3 2014 Phase 2 - drilling of…
Capitola Oil Project - Cline Shale Analysts calculate the Cline Shale as roughly 140 miles long and 70 miles wide and liken it to the next Eagle Ford or Bakken play with more recoverable oil and gas than both combined Also referred…
Capitola Oil Project Cline Activity Capitola - Cline (50% WI, 37.50% NRI in 9,333 acres (4,666 net acres to Pryme) to the Cline and deeper) Continued endorsement for Capitolas acreage evidenced by recent activity: Devon Energy recently…
Capitola Oil Project - Project potential Significant upside in a proven oil play for Pryme and its shareholders Multiple stacked conventional targets with Cline Shale upside (large independents currently proving up play) Estimated…
Capitola Oil Project - Objectives Stage I Objectives Vertical wells in productive fields - establish production from known productive sands Testing prospective intervals with shows including the Cline Shale Take core and log data from…
Capitola Oil Project Near Term Objectives First drilling scheduled to begin within 60 days of funding secured Two wells planned for Q3 2014 with a further three wells in Q4 of 2014 17
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…
Appendices Further Capitola Information, Risk Factors & Glossary 20
Experienced Board and Management Team Justin Pettett (Managing Director, CEO) Ryan Messer (Executive Director , COO) Prymes founding CEO since April 2006. Prymes founding COO since April 2006 19 years professional experience, 13 years…
Experienced Board and Management Team Ryan Holcomb (Petroleum Engineering) Robert Jordan (Land and Development) Over 10 years direct experience in the Permian Basin, Professional landman with over 36 years experience Texas. Focus on…
Capitola Oil Project - Breckenridge Lime and Canyon Sands Breckenridge Limestone The Breckenridge Limestone is located at approximately 4,500 feet and shallower and is a conventional objective containing both vertical and horizontal…
Capitola Oil Project - Location and geology The Eastern Shelf of the Permian Basin is emerging as a multiple shale and stacked carbonate resource play proven in recent drilling with IPs of up to 1,000 BOE/day from horizontal drilling…
Capitola Oil Project - Typical well profile Development of the Breckenridge Lime and Canyon Sands formation will be by way of vertical wells initially to depths less than 6,000 feet (1,828 metres) Typical vertical fracked well costs…
Risk Factors The activities of the Company are subject to risks which may impact on the Companys future performance. The following summary of risk factors represent some of the general and specific risks in relation to an investment in…
Glossary A Australian Dollars US United States Dollars Bbls/day Barrels (of oil) per day EUR Estimated Ultimate Recovery MD Measured Depth MMBO Million Barrels of Oil MBOE Thousand Barrels of Oil Equivalent MMBOE Million Barrels of Oil…
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