BYE 0.00% 4.9¢ byron energy limited

Ann: Timing of 2018 Reserves and Resources Report, page-2

  1. 1,829 Posts.
    lightbulb Created with Sketch. 76
    Hello all, looking for some confirmation of my understanding here:

    (1) this announcement states that the next resources and reserves report is "expect(ed) to result in a reserve upgrade for the D5 Sand and a re-classification of most of the B65 Sand from prospective resources to reserves"
    (2) Just focussing on the B65 sand for a moment, this was stated in an announcement on 4th December that the F2 well targeting B65 had 1.616 mboe prospective resources net to Byron (see attachment below) Screen Shot 2018-02-16 at 4.09.32 pm.png
    (3) Current P1 and P2 net to Byron from the September resources and reserves report and the above attachment is 2.269mboe

    So ignoring the D5 for a moment, the B65 re-classification on its own adds some 70% to existing P1 + p2 reserves?

    Am I reading this correctly?  Any guidance much appreciated.
 
watchlist Created with Sketch. Add BYE (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
0.000(0.00%)
Mkt cap ! $52.86M
Open High Low Value Volume
4.8¢ 4.9¢ 4.7¢ $9.711K 202.0K

Buyers (Bids)

No. Vol. Price($)
1 73033 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.9¢ 234613 5
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
BYE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.