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3.85% 5.4¢ byron energy limited

Ann: SM 71 Operations Update, page-2

  1. puttins4dough
    166 Posts.
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    04/07/18
    10:26
    Post #: 34126542
    "32,466 barrels of oil and 60.9 million cubic feet of gas"

    I think most people realized a few months ago that things weren't going to plan with this well and that its daily contribution to production was less than 10% of total daily production. Total production from the well should have grossed more than $2m (?) So revenue earned should have recouped much of the drilling cost. Well can be repurposed for other O&G bearing strata. This is far from being an "all is lost" scenario
    BYE Price at posting: 30.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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