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18 May 2016 Disclaimer, Forward Looking Statements and Competent Person StatementThis presentation has been prepared by Pryme Energy Limited (the "Company" or "Pryme"). This presentation is being provided to investors for the sole purpose of providing preliminary background corporate, financial and other information to enable recipients to review the business activities of the Company. It is not intended as an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in the Company.
The information presented in this presentation may contain predictions, estimates and other forward-looking statements. Although the company believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from those included in the forward-looking statements include the timing and extent of changes in commodity prices for oil and gas, the need to develop and replace reserves, environmental risks, drilling and operating risks, risks related to exploration and development, uncertainties about the estimates of reserves, competition, government regulation and the ability of the company to meet its stated business goals.
Prospective investors should make their own independent evaluation of an investment in the Company or seek advice from their financial adviser, accountant, lawyer, stockbroker or other professional adviser. Nothing in this presentation should be construed as financial product advice, whether personal or general, for the purposes of Section 766B of the Corporations Act, or otherwise. This presentation does not amount to, involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold a financial product.
The Reserves were determined by Pinnacle Energy Services LLC (Pinnacle), Registered Engineers in the state of Oklahoma for the Newkirk Project in accordance with the Society of Petroleum Engineers, 2007 Petroleum Resources Management System.
Corporate SummaryShareholder Summary - Top | |
Geoff Barnes | 8.6% |
Lowell Resources Fund | 6.6% |
Wheelbarrow Investments | 4.9% |
Buderim Panorama | 3.9% |
Stephen Mitchell | 3.6% |
Total | 27.6% |
Top 20 Holders | 49.8% |
Number of Shareholders | 1,413 |
Board & Management
Stephen Mitchell Chairman
Don Beard Non-Executive Director
Ray Shorrocks Non-Executive Director
Glenn Wormald Geoscience Advisor
2015 Summary |
Loss of $10.6m |
Acquisition of additional Newkirk acreage |
Reserve Certification at Newkirk |
Third and fourth Capitola wells brought online |
Board and management changes |
Capital Structure
Cash: $5.0m (31 March 15)
Share Price: $0.006 Issued Cap: 1,007.4m Shares
Market Cap: $6M (at $0.006)
Debt: $0
ASX Code: PYM
Share Price Performance Poor share price price performance reflects poor project selection & challenging market conditionsPYM vs ASX Energy 300 ‐ 5 year
120
100
ASX Energy 300
80
60
Pryme share price
40
20
0
4
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Pryme Energy Limited published this content on 18 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 May 2016 01:02:01 UTC.
Original documenthttp://www.pryme-energy.com/irm/PDF/2609/ChairmansAddresstoShareholders
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