yes GC21 is a disaster for OEL it cost $50m but they have cauterised the bleeding. If you look at payback across the two projects it isn’t pretty for either development will look into how long SM58 projected payback will take tonight.
sM58/69 development is of entirely a larger scope after this round of drilling BYE would have spent between $130-$150. Ie significantly larger expense for the co the fact they compare production back to SM71 is really a joke they are comparing a $26m investment 6 years ago into a $130-150m total
Investment (they never highlight how much money they have plowed into SM58/69 as the comparison would not look good).
yes GC21 is a disaster for OEL it cost $50m but they have...
Add BYE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.0¢ |
Change
-0.001(1.64%) |
Mkt cap ! $64.72M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.4¢ | 5.7¢ | $36.83K | 614.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 600000 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 103244 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
5.9¢ |
Change
-0.001 ( 3.28 %) |
||||
| Open | High | Low | Volume | ||
| 6.5¢ | 6.5¢ | 5.7¢ | 124196 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BYE (ASX) Chart |