BYE 1.64% 6.0¢ byron energy limited

Ann: Timing of 2018 Reserves and Resources Report, page-2

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    Hello all, looking for some confirmation of my understanding here:

    (1) this announcement states that the next resources and reserves report is "expect(ed) to result in a reserve upgrade for the D5 Sand and a re-classification of most of the B65 Sand from prospective resources to reserves"
    (2) Just focussing on the B65 sand for a moment, this was stated in an announcement on 4th December that the F2 well targeting B65 had 1.616 mboe prospective resources net to Byron (see attachment below) Screen Shot 2018-02-16 at 4.09.32 pm.png
    (3) Current P1 and P2 net to Byron from the September resources and reserves report and the above attachment is 2.269mboe

    So ignoring the D5 for a moment, the B65 re-classification on its own adds some 70% to existing P1 + p2 reserves?

    Am I reading this correctly?  Any guidance much appreciated.
 
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