Hydrocarbon Dynamics Ltd (PK) (PYMOF) News

Indago Energy Limited changed to Hydrocarbon Dynamics Ltd.:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

POGLY changed to PYMOF:

http://otce.finra.org/DLSymbolNameChanges

Pryme Energy Limited ADR. changed to Indago Energy Limited ADR:

http://otce.finra.org/DLSymbolNameChanges

POGLY: +1-3 R/S concurrent with Ratio Change. DS Holders are required on a mandatory basis to surrender their DSs for cancellation and exchange three (3) Old DSs for one (1) New DS. Ratio will change from one (1) DS representing (100) Ord Shares to one (1) DS representing (300) Ord Shares.**

http://www.otcbb.com/asp/dailylist_detail.asp?d=06/23/2014&mkt_ctg=NON-OTCBB

POGLY changed to POGLD: 1-10 R/S concurrent with a ratio change from 1 ADS:10 ORDs to 1 ADS:100 ORDs

http://www.otcbb.com/asp/dailylist_detail.asp?d=06/21/2013&mkt_ctg=NON-OTCBB

pm me your e-mail

Quite the volatile action on this thinly traded stock. Wonder where it is going to finally start to settle in. Project looks very interesting.


Drilling of the Deshotels 20-H No.1 well in the Turner Bayou Chalk project has been completed to a measured depth of 18,748 feet (5,714 metres). Preparation of the well bore to install the production liner (casing) is underway.

The total length of the horizontal leg is 3,755 feet (1,144 metres), 745 feet (227 metres) short of the planned length of 4,500 feet (1,371metres). The decision to stop drilling of the horizontal leg was taken after consideration of the very encouraging results to date and the mechanical risks involved in taking the well to the planned measured depth.

Justin Pettett, Pryme’s Managing Director, said “numerous significant hydrocarbon bearing fracture zones and many smaller fractures have been intersected in the horizontal leg. Preliminary evaluation of these along with other data gives us a high degree of confidence that the Deshotels 20-H No.1 well will be completed as a producer.”

The well bore is being prepared for the installation of the production liner which will take 7-10 days to run. Following this, the drill rig will be moved off site and flow testing equipment set up. Flow testing is expected to commence by early December and will run for several days. Shareholders will be kept informed as these activities progress.

Pryme has a 40% working interest (30% net revenue interest (NRI)) in this well.

Project Description

The Deshotels 20-H No.1 well in the North Bayou Jack Field is the first deep well to be drilled within the Turner Bayou 3D seismic survey. The well has been drilled to a depth of 16,400 feet (5,000 metres) vertically with a 3,755 feet (1,144 metre) horizontal leg through the Austin Chalk formation which is predominantly oil bearing in this region.

Turner Bayou is one of Pryme’s high value projects. It is located in Avoyelles Parish, Louisiana. Pryme has a 40% interest in the Turner Bayou Chalk project area, which is contained within the Turner Bayou 3D seismic survey, and a 52% interest in the balance of Turner Bayou. The Turner Bayou project comprises approximately 80 square miles (50,000 acres) which have been imaged by a proprietary 3D seismic survey. Primary targets are contained within six prospective formations ranging in depth from the Frio formation at 3,000 feet, to the Tuscaloosa formation at 18,000 feet.

I knew this would be a good pick, up over 500% today.

Looks like POGLY isnt doing so bad after all

No, POGLY has found something in the Austin Chalk at their present depth. That is why they are drilling horizontally now. Multiple fractures in the pay zone to maximize production.
MNLU'S primary objective is high pressure gas in a naturally fractured shale 2500 ft thick. ( 19,500 - 22'000 ft )
Secondary objectives would be all the other pay zones they drill through getting there.

Are they in a race to see who hits oil first ?

Thanks!

Guys,
Check out MNLU. They are drilling a well across the river from you on their way to depth of 22,000 ft.
I think they are in the Austin Chalk as we speak. Their present depth is around 16,200 ft.

lol it sure does. I was going over their quarterly updates and they are operating very well. I was actually a little shocked to see how low the PPS is.

POGLY - The ticker sounds like an Addams Family character.

Welcome! This is a brand new board as of 8/20/10 so bear with me on getting the ibox up and organized. This is a OTCQX company, and is also traded in Australia. This is not your limited or non reporting Pink Sheet. There is complete transparency that can be seen on their website through filings. Do your own DD as always!