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The Grable-15-1 exploration well was fracced in the Cotton Valley Price Sand - the first of two discovered zones - yesterday morning.
"Ninety-five percent of the frac sand was taken by the formation and the well is now flowing back frac fluid at a rate of about 35 barrels per hour on a one-inch choke," Pryme said.
"The plan is to flow and clean-up the well until later this week at which time we should be ready to produce into the gas sales system and report flow rates from this zone."
Pryme said this operation would continue until March 4, when the Price Sand would be shut in to allow the C sand to be fracced for a week.
After this, both zones would be commingled to produce at their maximum efficient rate.
The next well in the Raven project is scheduled for drilling in April.
Pryme has a 40% working interest (30% net revenue interest) in this project.
The Raven project covers mineral leases in the prolific Cotton Valley and Hosston natural gas trends in Lincoln Parish, Louisiana.
About 10 drilling locations have been identified in the project with the leasing of acreage continuing, Pryme said.
