Don’t forget

It’s worth re reading this comment from Maynard Smith about SM58 and then think about all the other BYE blocks not to mention SM71 and how very likely further discoveries will be made....
So unless the oil price never recovers we are in very good stead and BYE having multiple assets has options.

“This more recent interpretation gave Byron the added confidence to retain a 100% WI in the lease and drill the successful and very important SM58 011 well. The decision to maintain a 100% in this project has proved transformational for the Company and will be the foundation for Byron’s continued growth into the future. The significance of this decision is further underscored by the booking of 14 million barrels of oil and over 40 billion cubic feet of gas (“BCF”) 2P reserves with a Net Present Worth (NPW@ 10% pre-tax) of over A$500 million, at today’s exchange rate, on the SM58 lease.”