G1 flow rate still increasing slowly while still producing considerable gas .
As the gas cap continues to depressurise then the oil production rate should reach a maximum then go on a slow normal decline .
We should remember that phenomena when we are evaluating the two current wells because the initial flows are likely to be mainly gas then later becoming oil dominant as the experts at BYE have already shadowed .
Financially what a well does over its productive life is what matters .
BYE produces from its wells in a logical commercial fashion , producing from the reservoirs in an industry best practice way .
That means in some cases not producing first from the reservoir that they think would give the biggest oil flow rate just to give the share price a Sugar hit .
I look forward to the production from the primary production zone in
G5 that does not need an expensive drilling rig to bring on line , with most of the completion costs already paid for .
- Forums
- ASX - By Stock
- Ann: SM58 G6 BP01 Well Logs Pay in the L2 and N2 Sands
G1 flow rate still increasing slowly while still producing...
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BYE (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 94375 | 6.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 73000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 94375 | 0.064 |
1 | 200000 | 0.063 |
1 | 50000 | 0.062 |
1 | 100000 | 0.061 |
1 | 400000 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 73000 | 2 |
0.068 | 140000 | 1 |
0.069 | 87708 | 1 |
0.070 | 25555 | 2 |
0.073 | 14000 | 1 |
Last trade - 10.44am 02/05/2024 (20 minute delay) ? |
Featured News
BYE (ASX) Chart |
Day chart unavailable
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, MD & Executive Chairman
David Breeze
MD & Executive Chairman
SPONSORED BY The Market Online