Pryme Energy Limited is an Australia-based company, which is engaged in acquiring, exploring and developing oil and gas prospects in the United States of America. The Company operates in two geographical segments: Core operations comprising the exploration, development and production of oil and gas projects in the US and Administrative operations undertaken in Australia to support the exploration, development and production of oil and gas projects in the US, which includes the recharging of such costs via management fees. As of December 31, 2011, the Company�s projects included Raven project, engaged in producing natural gas and condensate project with exploration potential ;Four Rivers project is a mature oil producing project targeting multiple stacked oil zones throughout the Middle-Wilcox formation at depths ranging from approximately 4,000 to 7,000 feet , and Tuscaloosa Marine Shale focuses on exploration and development of the Austin Chalk.