BYE's CEO is a seasoned Geophysicist with over 30years of relevant industry experience; he's bullish on F4. When you have near-field opportunities like F4 with targets sands above the lowest known oil in the SM71 field, 1MMBO+ of recoverable resource and the potential to add an incremental 1,000 BOPD to an under-utilised production facility, drilling F4 was a good decision.
A second rig: now I hadn't consider that possibility. But yes, after production is coming in from SM58, BYE will have significant cashflow, especially is the SM69 E2 well is also successful.
Kind regards OldGeo
BYE's CEO is a seasoned Geophysicist with over 30years of...
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