Hi mate, can you kindly throw some light on the assets of BYE as...

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nsw004

2,144 Posts.

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19/06/17

10:52

Post #: 25351755
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Originally posted by OldGeo ↑

I hold OEL shares and consider BYE exceptional value at these prices. Given BYE's reserves base, I'd expect the market to wake up to this......eventually.

Info share posted on Otto thread
With the Bivouac Peak Prospect adjacent (within 11 kms) to nearby production, in my view this further de-risks the prospect. Good job OEL and BYE.
BATEMAN LAKE FIELD
Sourced from ECCO Energy Corp. (October 2007)
Letter of Intent to Acquire 3,000 acres in St. Mary Parish LA.

“This lease is located in the prolific Bateman Lake Field which has produced over 150 Bcf gas (>25 Mmboe). We believe there are 7 wells that can be immediately reworked with at least 5 Bcf of proven reserves. We further believe that the new drill potential is unlimited based on 3D seismic and success of drilling the new wells.”

BELLE ISLE FIELD (Sourced from AAPG: America Associated of Petroleum Geologists: Information is somewhat dated though)

From discovery in 1941 until 1956, Belle Isle was primarily an oil-producing field, largely limited to sands between 8,000 and 8,500 feet. From 1956 through 1966, flank gas reservoirs were being developed in zones between 10,000 – 18,000 feet. As of 1969, there were 36 oil wells and 38 gas wells. To January 1969, the field had produced 20 million barrels of oil and condensate and 338 Bcf gas. Daily production during January 1970 averaged 280MMcfd gas (68 completions) and 6,500 barrels of oil and condensate per day from 55 completions.

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Hi mate, can you kindly throw some light on the assets of BYE as on date, a brief recap will be helpful. Comparing to Otto Energy , which is better to buy please ?

BYE Price at posting: 10.0¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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