BYE 5.75% 8.2¢ byron energy limited

Hi 6186mark, yes and probably more. BYE partner- OEL just...

  1. 777 Posts.
    lightbulb Created with Sketch. 98
    Hi 6186mark, yes and probably more.

    BYE partner- OEL just released an Independant Research Report by K1 CAPITAL - and it does includes some information regarding the resource upgrade.

    p5:

    SM 71 reserves are likely to double in August:
    Otto reported 2.0 MMbbl oil (2P net revenue interest basis) as of 30th June 2017 and noted a best case prospective resource of 2.4 MMbbl oil (NRI basis).
    Almost all (97%) of the prospective oil resource was in the B65 sand.
    Since then Otto has drilled two further wells (SM 71 F2 and SM 71 F3) which confirmed the presence and quality of the B65 sand and found thicker and better quality D5 sand, as well as extending the reservoir down-dip [1], [2].
    There is likely to be further upside to reserves in the C10 and B55 sands encountered in the SM 71 F3 well.

    p8- assumptions

    Reserves/Resources 1P/2P/3P oil: 1.43/4.99/6.30 MMbbl gross (Otto = 40.625% NRI), 30th Jun 2017 1P/2P/3P gas: 0.99/3.60/4.51 bcf gross Best prospective: 5.91 MMbbl + 52.91 bcf gross.
    Reserves upgrade expected Aug 2018 after 3 months of production history.
    Assume 80% of prospective oil resource in B65 sand (80% of 5.7 MMboe gross) moves to 2P reserves; 1P reserves increase to 5.0 MMboe based on 3 existing wells.

    http://www.ottoenergy.com/irm/PDF/2347_0/IndependentResearchReportbyK1Capital


    cheers
 
watchlist Created with Sketch. Add BYE (ASX) to my watchlist
(20min delay)
Last
8.2¢
Change
-0.005(5.75%)
Mkt cap ! $88.46M
Open High Low Value Volume
8.3¢ 8.3¢ 8.2¢ $4.772K 57.73K

Buyers (Bids)

No. Vol. Price($)
1 12500 8.0¢
 

Sellers (Offers)

Price($) Vol. No.
8.4¢ 156809 2
View Market Depth
Last trade - 15.59pm 28/03/2024 (20 minute delay) ?
Last
8.2¢
  Change
-0.005 ( 3.53 %)
Open High Low Volume
8.3¢ 8.3¢ 8.2¢ 35921
Last updated 11.26am 28/03/2024 ?
BYE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.