ASX: PYM OTCQX: POGLY Experienced Management Team Predictable Exploration Environment Poised for Growth Investor Presentation 27 May 2014
Key Highlights Pryme Energy Limited (ASX: PYM OTCQX: POGLY) is a publicly listed exploration and production company, headquartered in 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) 343,053,990 Market capitalisation A7.0 million Share price range (12 months) A0.012-A0.037 Rights Issue…
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…
Financial Update - Producer with exploration and development upside Production: Existing Production (FY2013 net to Pryme) Oil 52 Bbls/day Natural Gas 92 Mcf/day Total/Day 70 BOE/day* Annual net revenues A2.4 million *Natural gas is…
Rights Issue and Shortfall Funding Pryme intends to place up to 5.0 million shortfall under the Rights Issue Funds raised will be utilised for the acquisition and drilling program of the Capitola Oil Project, and working capital…
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 - 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 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) Well…
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…
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…
Vision To grow Pryme into a top tier junior oil and gas company capable of delivering high returns to shareholders through the exploration and development of high quality US onshore projects Strategy Continue to add quality technical…
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
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 - Earn-in terms Pryme to earn into a 75% WI (56.25% NRI) in 9,333 acres to all depths from the surface to the top of the Cline Shale (7,000 net acres to Pryme) and a 50% WI (37.5% NRI) in all depths from the top of…
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…
Loading...
