Brisbane, Nov 1, 2012 (ABN Newswire) - Pryme Energy Limited (ASX:PYM) announces a presentation updating the market on the Turner Bayou project located in North Bayou Jack Field, Avoyelles Parish, Louisiana.
A copy of this presentation is available at the Australian Securities Exchange and can be viewed on the Company's website www.prymeenergy.com as well as via the link below.
About Turner Bayou
The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Pryme has a 40% working interest in 25,029 acres (10,011 net acres) in the Turner Bayou Project and is initially targeting development of the Austin Chalk horizon. In addition to the Austin Chalk potential of the Turner Bayou project area, exploration drilling within Pryme's Turner Bayou leases has intersected the Tuscaloosa Marine Shale which is analogous to the prolific Eagle Ford Shale in South Texas.
Pryme Energy Limited (ASX:PYM) (OTCQX:POGLY) is an Australian company exploring for oil and gas in the Gulf Coast states of the USA. Pryme currently has three oil and gas producing projects and substantial exploration acreage. The Company's immediate focus is the development of a major phase oil Austin Chalk formation exploration and production play, with Tuscaloosa Marine Shale potential, in its Turner Bayou project in Avoyelles Parish, Louisiana. Louisiana is the fifth largest oil and gas producing state in the US.
Pryme's board of directors and management team have over 100 years of energy industry experience with extensive local knowledge underscored by proven track records. Pryme applies advanced geological science to drive early stage exploration projects through to production.
Pryme's shares are publicly traded on the Australian Securities Exchange (ASX:PYM) or as American Depositary Receipts (ADRs) on the OTCQX in the United States of America.
Contact
Pryme Energy Limited T: +61-7-3371-1103 F: +61-7-3371-1105 WWW: www.prymeenergy.com
ASX:PYM) announces a presentation updating the market on the Turner Bayou project located in North Bayou Jack Field, Avoyelles Parish, Louisiana.
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