The La Salle project is viable because of high prices, what if prices fall?
We consider it one of Pryme’s prevailing mandates to find new ways to reduce or maintain low operating costs in the field. This ensures that the economic limit of our production can withstand low commodity prices as well as remain as profitable as possible. Pryme’s LaSalle Parish Project can generate a field-level profit with oil prices at or above $25 per barrel. With respect to natural gas, our investment decisions are based on an economic limit derived from US$4/MMBtu.
