BYE 0.00% 5.4¢ byron energy limited

There is an over supply of gas in North America that is forecast...

  1. 4,803 Posts.
    lightbulb Created with Sketch. 2239
    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 .

 
watchlist Created with Sketch. Add BYE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.