Hey mate, Looking at Byron website, here was the latest update:
As of 0300 hours on Tuesday, 29 October 24 (USCDT), 7” casing had been run to bottom and cemented in place. Rig crews are now transitioning from drilling to completion operations. Current plans call for a sand control type completion across the D5 Sand. That operation is expected to take about 14 days and then another 7 days will be required for top side hook up before production can begin.
Therefore I expect we may hear something after 21 days maybe? That would be late next week around the 20th or 21st of Novemember. Unless they make us wait until after the production test has been running for a few more days? To give us some initial flow rates? That may mean closer to the 28th of Novemember before we hear anything. We might even go into a trading halt in anticipation....
Fingers crossed for above avarage oil flows, we really need some good luck at the moment to lift the share price and reward long term holders.
OEL Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)