Ramping is always tempting but in the case of PYM and how little...

Ramping is always tempting but in the case of PYM and how little capital we have to ramp with, our efforts will be to waste. We could temporarily buy $100k worth of stock pushing the options or stock price into more favourable levels but if the value exceeds the markets intrinsic preception of the company's value then it is going to just get sold back down, leaving us, the rampers, with more shares than we would ever ideally want to hold. I'm now scarily high on this companies largest shareholder register so I won't be able to put any more money where my beliefs are. I wouldn't be surprised if our good buddies the Patterson's are occasionally selling down some of their holdings whenever there is sufficient demand that builds on the screen.

Management's announcement was in my view pathetic and pointless.. I was hoping for a lot more but all i saw were the same ramblings that they always give us. I understand and appreciate that they are trying to raise awareness of PYMs potential and pending results but the announcement had zero overall new information.. Com'on guys, I'm starting to forget why we pay you so much! We've seen those same comments again and again, in the market updates, cash flow reports, annual reports etc. What about some flare pictures of this new well to get our lips wet or maybe an actual explanation as to why the hell it has taken 2 months to get the hole to this point? You waited two months to tell us nothing when the flow results will be a lot clearer in a weeks time once the cracking fluid has been removed... I'm trying to see the logic behind such a decision.

What I would like to also know instead of the same copy and pasted ramblings is how are they going with establishing the reserves and prepping for the fox hole. How about their drilling schedule for the second half of the year? As a shareholder I don't expect much other than receiving the actually reassurance from management that things are moving and that they're thinking about the future. There is nothing wrong with giving us updates saying 'hey this is what we've done to date, this is what we're currently doing and this is what we plan to do in the near future". I'm being quite negative at this point but the share price and company announcements keep rubbing me the wrong way.. They indicate no progress.

Once things start turning for the better with a few more successful holes under the belt the SP will appreciate in a flash. There's no use trying to increase a company's value if others don't share the same confidence and value for its operations. Use this chance to stock up on shares or even options if you're willing to take a bet. The more successful holes we have in the capitola region you have to reaslise that the company is not only going to increase by the expected future revenue generated by the holes but it adds more and more value to the remaining 200 vertical and 20-40? (Can't remember the exact figure but I know it's not a zillion) horizontal prospective wells. This is why PYM management would be establishing the different tiers of reserves. They'll then have access to a lot more money where they can start the process of having new holes complete and flow tested every month or so. They might even start throwing in some horizontal drills do try and really get the speculation happening again... Hopefully some big fish comes buy and buys the whole company and we can all retire happily ever after looking back and laughing at the days where we could buy options at .1c and shares at .6c...

So this is me being overly optimistic and making random assumptions about which direction the company is taking over the next 1-2 years. Why am I making these assumptions...? Hmmm because management have given me no clue as to what to expect . Hopefully things work in our favour over the coming months.

Good luck PYM crew, we need it and deserve it. It's been a crazy ride so far and I'm sure that this isn't the end of it...

GC