One has to recall they have not written down SM58 reserves if the primary zone in G5 flows like the secondary zone has (well below expectations) this will have a material impact on reserves already booked.
Plenty of should haves ain’t materialised in the SM58 field to date across numerous wells (lower o sands, aquifer support not kicking in as expected) hence the market being super sceptical of results until stabilised production is achieved from wells.
not long to wait either way will be interesting to see if BYE mute the hyperbole they have historically provided out of the gates until stabilised production is achieved. Comments on commerciality of G2/G3/G5 have not aged well with the benefit of hindsight.
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