June 2013 Quarterly Cashflow and Activities Report
Brisbane, July 26, 2013 AEST (ABN Newswire) - Pryme Energy Limited (
ASX:PYM) announce the June 2013 Quarterly Cashflow and Activities Report. Managing Director Justin Pettet ended the preface to the report by saying, "Our vision remains unchanged; it is to grow Pryme into a high quality independent US oil and gas company capable of delivering high returns to shareholders through the exploration and development of projects throughout the USA."
"We appreciate our shareholders' patience and resolve through this challenging time and look forward to releasing further details on all items outlined above through the ASX as they progress and are finalised."
To view the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-PYM-642951.pdf
About Indago Energy Ltd
Indago Energy Ltd (ASX:INK) (OTCMKTS:POGLY) is an Australian listed company engaged in oil and gas exploration, development and production. Indago's project portfolio includes liquid rich producing assets together with substantial oil development and exploration acreage in the United States.
The Company's Exploration and Production focus is on high growth oil and gas projects offering scalability of production, cash flows and reserves. Indago currently has several producing projects together with a significant acreage position. The Company's immediate focus is the development of its Capitola Oil Project located in an active region of the Cline Shale resource play along the Eastern Shelf of the Permian Basin, Texas. The project's core development and exploitation opportunities are shallower multiple "stacked" sandstones and limestones to depths of 7,000 feet which are effectively produced from vertically drilled wells. Indago's value driven model is executed through exploiting shallower, well defined intervals with advanced completion and stimulation technology within known produced oil fields together with exposure to the emerging Cline Shale resource play.
Indago's shares are publicly traded on the Australian Securities Exchange (ASX ticker: INK) and also as American Depositary Receipts on the OTCQX (ADR ticker: POGLY).
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