BYE byron energy limited

Ann: SM58 G4 Initial Production Rates & SM58 G6 Status, page-9

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    There is an over supply of gas in North America that is forecast to disappear as the unconventional fields peak and go into decline .
    The expectations then are that US and Canadian gas will get a lot closer to prices in other parts of the world .

    Like G1 , G6 is expected to slowly go into predominately oil production after the oil gas interface reaches the perforations .

    Once the rig leaves there is the other near term catalyst of the recompletion of the G5 well using a coil pipe tubing unit .
    So there is a significant chance of much higher revenue over the next 5 months or so when interest only is required to paid on the pre payment loan .
    As unlikely as it seems , I think the chances of BYE buying out their JV partner in SM71 may be just getting a little bit better .

 
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