Which state is proving to be the most lucrative/beneficial for Pryme?
This question is a very early one to answer, because our first year of life as Pryme has been focused on Louisiana almost exclusively. With the modest capital resources of the “junior” Pryme, continued drilling and production work in Louisiana for about another 1.5 years is a fait accompli because we have a significant amount of delineation, development and exploratory drilling to do there (in about that sequence) that has already been booked with our Raven, Turner Bayou and additional Middle Wilcox activities. The good thing about this is that this immediate work should advance our earnings and therefore our share price. Our “deal flow” is such that we are always evaluating new opportunities, which in recent months has included Texas prospects.
