Pryme Discovers Gas in First Turner Bayou Exploration Well

Pryme Oil and Gas has finished the first exploration test in the Turner Bayou 3D seismic project. Reaching total depth at 4,900 feet, Pryme logged the well and discovered gas in the Frio interval. Core samples are currently being analyzed.

The well is scheduled for completion once the other wells in this first round of drilling have been tested in the same northeast area of the project. Plans for the construction of a gas pipeline to deliver natural gas to the market are currently underway.

"Running production casing on the first test is always a great way to set the tone in a new project, and in this case is a good opportunity to calibrate our 3D data and move forward with the drilling of additional prospects," said Pryme COO Ryan Messer. "The second exploration test in this project will be drilled once the drilling rig is released" from its current location.

Pryme has a 52% interest in this project, which covers approximately 80 square miles (50,000 acres) of proprietary 3D seismic. Primary targets consist of six prospective formations ranging from the Frio formation at 3,000 feet through to the Tuscaloosa at 16,000 feet.