There is an over supply of gas in North America that is forecast to disappear as the unconventional fields peak and go into decline .
The expectations then are that US and Canadian gas will get a lot closer to prices in other parts of the world .
Like G1 , G6 is expected to slowly go into predominately oil production after the oil gas interface reaches the perforations .
Once the rig leaves there is the other near term catalyst of the recompletion of the G5 well using a coil pipe tubing unit .
So there is a significant chance of much higher revenue over the next 5 months or so when interest only is required to paid on the pre payment loan .
As unlikely as it seems , I think the chances of BYE buying out their JV partner in SM71 may be just getting a little bit better .
- Forums
- ASX - By Stock
- BYE
- Ann: SM58 G4 Initial Production Rates & SM58 G6 Status
Ann: SM58 G4 Initial Production Rates & SM58 G6 Status, page-9
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)