Hi Cara,
Yes, SM71 is shaping up to be an excellent discovery with further reserves upside down-dip from the F3 well after another oil-down-to result. Hopefully in OEL/BYE's next investor presentation a D5 Sand structure map is published along the locations of each development well as I'd like to see far laterally the production wells are from the possible oil-water contact.
OEL's SP of sub 6 cents remains excellent value given;
- the imminent cash flow from production from 3 wells
- reserves increases to be reported Q3 this year in the D5 Sand and B65 Sand and perhaps others
- potential new acreage announcements and
- Bivouac Peak
Kind regards OldGeo.
Ann: SM 71- F3 third successful oil well at SM 71, page-22
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