Presentation by Managing Director at 2015 AGM
Brisbane, April 22, 2015 AEST (ABN Newswire) - US-focused, rapid-growth oil and gas explorer and producer Pryme Energy (
ASX:PYM) (POGLY:OTCMKTS) announce the latest company presentation.
Pryme Energy Highlights:
- Oil and gas exploration and production company
- Focused on the exploration and development of stacked multi-pay resource opportunities in the Permian Basin, Texas
- Targeting shallow, low risk vertical well exploitation in Capitola Oil Project to generate growth
- Underpinned by stable shallow oil production in Louisiana
During a period of challenging market conditions for all oil and gas companies (particularly junior), Pryme has re-capitalised and drilled wells increasing production and reserves
2015 will extend on the significant operational deliveries of 2014 with new wells to start producing and with cash backing and a strengthening production profile, the current share price levels suggest an attractive asymmetric payoff profile.
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-PYM-853914.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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