At the date of this Report, drilling out the second of three cement plugs in the well bore, at a depth of 12,650 feet, had commenced. It is expected that the third plug will be drilled out and total depth will be reached in early November. This will be followed by casing tests, logging and then perforation of the most prospective horizon. Perforation is expected to commence around mid-November. A discovery in the Atocha Project has the potential to significantly increase earnings and greatly increase the value of Pryme
Remember this only a redrill not a new well not a new discovery in green field but a brown field a well that has tested before with commercial quanties of gas 10 to 1 odds are a little streched I am very conservative and look to a 70% success. A high impact low risk play. call of 1.4 cents is very conservative, yes it may get sold into but 1.3 bil of shares have sold at .oo7 and above has been churning at these level as Geezer said, its had 3 goes at 1 cent on success 1 cent I think will be smashed. THe md has plenty of fund contacts he will be pushing for them to take a stake in this emerging small cap its not what you know its who. Have a look at his back ground.
FUT Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
