BYE 1.85% 5.3¢ byron energy limited

Ann: SM71 F2 & F4 Operations Update and SM69 E2 Production Update, page-47

  1. 4,784 Posts.
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    boysy over and over saying the same thing does not change anything .
    You have little understanding of technical issues .
    All wells have an initial period of production where the pressure gradients in the reservoir establish and settle down to a more steady state .
    They will adjust the well head choke to get the flow rate that from the data they collect will give them the best return from the well taking all things economic into consideration .

    Your up ramping on OEL has been substandard of late .
    They need you to keep spruiking there because the share price has dropped from 1.5 to 1.1 c in short time .
    As it seems to be your only investment I can understand you are unhappy but don't bring your misery here because we have just brought a successful well on line through our owned pipeline to our owned platform .

    The production of which is enjoying the current rising oil price because we put it on the Credit Card instead of using borrowed money which would have had a toxic future low hedged price attached .

    Sounds like entrepreneurial management to me .
    I doubt the OEL crew even know what the word means .
 
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