BYE 0.00% 5.4¢ byron energy limited

Ann: Byron Corporate Update, page-78

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  1. 4,811 Posts.
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    They would only need to drill one well at SM58 that had initial production of 2000 bopd and the SP would be over 30 cents .
    The residual oil in the lower sands of the G1 well fooled them and the rig failure meant they could not run logs and could not get a definitive measure of what they had .

    Based on the quality and amount of reservoir I thought that the G2 well could be a 2000 bopd well and I think they thought that it would be something like that too .
    It would have changed everything .

    We will see what the SM69 well brings but it is unlikely to be the game changer well they need but even a moderate flow will greatly improve their financial position and might get the next SM58 well drilled that could be the game changer .
 
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