The company said this production rate was expected to stabilise at more than double this figure in the next week, as fraccing treatment fluids is recovered from the formation.
"Once a stabilised rate has been obtained from the [Cotton Valley] C Sand, we will then shut the well in, pull the tubing and go back in to the hole and drill out the plug separating the Price and C Sands and comingle both zones to produce up the casing," the company said.
"We estimate that the combined potential of the two zones will be around 750,000 cubic feet of gas and 15 barrels of condensate per day."
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.
