Indago Energy Ltd

Pryme Oil and Gas Limited (ASX:PYM) (PINK:POGLY) provides the following update on operations and production at its Turner Bayou project in Louisiana, USA. Turner Bayou 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 at 3,000 feet, to the Tuscaloosa at 16,200 feet.

Pryme Oil and Gas Limited (ASX:PYM) (PINK:POGLY) provides the following update on operations and production at its Turner Bayou project in Louisiana, USA. Turner Bayou 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 at 3,000 feet, to the Tuscaloosa at 16,200 feet.

Pryme Oil and Gas Limited (ASX:PYM) (PINK:POGLY) advise that Anadarko Petroleum Corporation (NYSE:APC) has leased a large amount of acreage to the west and contiguous to leases held by Pryme and its partners in the Turner Bayou Chalk project.

Pryme Oil and Gas Limited (ASX:PYM) (PINK:POGLY) provides the following update on operations and production at its Turner Bayou project in Louisiana, USA. Turner Bayou 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 at 3,000 feet, to the Tuscaloosa at 16,200 feet.

Pryme Oil and Gas Limited (ASX:PYM) (PINK:POGLY) provides the following update on operations and production at its Turner Bayou project. Turner Bayou comprises approximately 80 squire 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 at 3,000 feet, to the Tuscaloosa at 18,000 feet.

Pryme Oil and Gas Limited (ASX:PYM) (PINK:POGLY) is pleased to announce that a completion rig has arrived on site to remediate and enhance the production capacity of the Deshotels 20-H No.1 well in the Turner Bayou Chalk project.

Pryme Oil and Gas Limited (ASX:PYM) (OTCQX:POGLY) is pleased to announce that mechanical issues and the impact of holidays continue to delay the flow testing and completion of the Deshotels 20-H No.1 well in the Turner Bayou Chalk project.

Pryme Oil and Gas Limited (ASX:PYM) (OTCQX:POGLY) is pleased to announce that, as a result of a pre-Christmas increase in the demand for oil field services, the contractor which has been engaged to acidize the perforated intervals in the horizontal leg of the Deshotels 20-H No.1 has been unable to attend to the job as scheduled. It is now expected that the acidizing will be carried out after Christmas. Flow testing of the well will follow the acidizing.

Commencement of flow testing of Pryme Oil and Gas Limited (ASX:PYM) (PINK:POGLY) Deshotels 20-H No.1 well in the Turner Bayou Chalk project has been delayed pending acidizing of the perforated intervals in the horizontal leg.

Pryme Oil and Gas Limited (ASX:PYM) (OTCQX:POGLY) is pleased to announce that it has successfully placed the shortfall of 8,597,878 fully paid ordinary shares from the recent Rights Issue (Shortfall Shares). The placement of the Shortfall Shares takes Pryme's issued capital to 225,057,754 fully paid ordinary shares.