What does Pryme find attractive about Louisiana and any other areas of interest outside Texas?
Louisiana is of primary importance to us because of: The very large number of commercially-productive conventional oil and natural gas zones that exist across the length and breadth of the State. These include relatively shallow objectives plus zones extending to intermediate and deeper depths. All such targets are on land, making it unnecessary for Pryme to venture into more costly Gulf of Mexico waters in order to operate with significant results on less capital outlay at this stage in the Company’s growth. Also, the “conventional” label used here describes a production operations setting that takes advantage of high reservoir permeabilities that result in having to drill minimum wells in order to drain maximum reservoir rock at high rates of flow (i.e. one typical Louisiana conventional well will drain 160 – 640 acres). The typical “resource plays” of low permeability in Rockies basins require as many as one well every 10 acres in order to adequately drain a reservoir. The differenc
