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Wednesday, 10/30/2013 2:31:45 AM

Wednesday, October 30, 2013 2:31:45 AM

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PrimeEnergy is boosting its oil production while cutting the amount of natural gas it generates to take advantage of the industry-wide move from natural gas to oil. In 2012, the company produced 745,000 barrels of oil; by far its largest output in the past five years. With 13.1 million barrels of oil in reserve it will take the company almost 18 years to eliminate its supply.

Meanwhile, it produced just 4.7 billion cubic feet of natural gas from reserves of 40.4 billion cubic feet. In 2012 oil revenue accounted for 76% of its total with gas the remaining 24%. If you believe in the U.S. oil boom this is a good pure-play to bet on.

Purely my own opinion. Do your Due Diligence.
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