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6.1¢ byron energy limited

Thanks for your comments JoI think the outcome for these wells...

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ronstieb

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11/10/23

13:31

Post #: 70287437
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Originally posted by jophda: ↑

Stumpy I agree with you that Disappointing the Market expectations is not the same as a Failed Project .
The starting point for the 2 year decline was based on the Market anticipation that the lower zone in the G1 well was going to be another SM71 F3 analogue .

I think that although at this stage SM58 does not seem that it will meet their pre drilling expectations it will be a profitable project over time .
We should be due an update soon and the Market is saying there have not been any unreported serious problems .

Ron like you I think you should take profits on oil explorers but I think the roulette wheel is still spinning on this one and I still like the odds .
Congratulations on a good trade but I hope you will excuse me if I hope your sale was premature , lol .

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Thanks for your comments Jo

I think the outcome for these wells has to be better than mediocre to justify the USD30m capex drawn from future earnings plus production costs etc.
Hopefully there's something left after that to add value to the company for shareholders.

You're a lot more technically savvy than me so I wont argue with you on how good the results are so far.
Hope the trade works out well for you.

BYE Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 6.1¢		Change -0.008(11.6%)		Mkt cap ! $65.80M

Open	High	Low	Value	Volume
6.4¢	6.4¢	6.1¢	$45.19K	723.5K

Buyers (Bids)

No.	Vol.	Price($)
2	32785	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	78500	1

View Market Depth

No.	Vol.	Price($)
2	32785	0.061
2	420833	0.060
3	600000	0.056
1	1000000	0.055
2	338999	0.054

Price($)	Vol.	No.
0.066	78500	1
0.067	40000	1
0.069	87708	1
0.070	25555	2
0.073	14000	1

Last trade - 12.38pm 02/05/2024 (20 minute delay)


Last 6.1¢			Change -0.008 ( 10.3 %)
Open	High		Low	Volume
6.4¢	6.4¢		6.1¢	148063
Last updated 12.38pm 02/05/2024 ?

BYE (ASX) Chart