BYE 1.67% 5.9¢ byron energy limited

>Even a small connection down dip that would be hard to see on...

  1. 561 Posts.
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    >Even a small connection down dip that would be hard to see on the seismic would potentially charge the discovered zone .

    I have a question. Perhaps an old oil grizzly can help me? BYE does conventional drilling. Drill straight down and suck (*1). But the US is known for fracking. With it's horizontal drilling. 1 mile down, 1 mile to the side when they hit oil. Why can't BYE drill it's own "small connection down dip" in L2? I appreciate this is probably a silly question. But the article below seems to suggest the Chinese are doing it.

    https://oilprice.com/Latest-Energy-News/World-News/China-Claims-First-Offshore-Shale-Oil-And-Gas-Discovery.html

    Hmmm. F2 gets redrilled out when it's done and they do some horizontal drilling in D5. BYE gets the equivalent of 7 x F3 wells spewing oil. The share price goes so high that they have to create a second company on the ASX called "skyhigh". Boys1 posts "management should have done better and that a share prices of $10 is not good enough". Strange. I don't see any empty bottles around me, and it's morning. Cara have you spiked my coffee?

    All disclaimers. Have a great weekend everyone.

    (*1) Yes I know it's not that simple.

 
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