BYE 1.64% 6.0¢ byron energy limited

Before these two wells the SM58 platform is producing more than...

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    Before these two wells the SM58 platform is producing more than the SM71 and these two wells will add to that production .
    I think that these two wells will be considered successful but it is too early to gauge how successful at this stage .
    The oil water contacts for the discovered oil in the productive zones are a long vertical distance from the perforations which bodes well for water free oil for a long time .
    Depends on good reservoir quality in the linking strata and a good water drive so we will wait and see initial flow rates and the longer term flow before we really know the degree of success .
    BOYSY1 no longer seems to want to call the G1 well a dud .
    I wonder if the oil flow rate is still increasing and has it passed the GC21 yet ?

    The G4 will likely produce like that too .
    Initially mainly gas then increasingly oil , again depending on good linkage and water drive .

    The Market is rightly waiting for completions and flow rates but giving it a cautious pass rate today .
 
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