" the current MC of BYE is about twice the value of (BYE's share of) the oil reserves of SM71. "
and in imo, that would assume F2 results have elevated B65 sand mid case prospective resources to 2P reserves.
There's some risked value in the prospective resource of 33.5mmbls for Biv Peak and SM57/59/74 although OEL has an option on Biv Peak and 74 or its alternative when its awarded.
I cant see why BYE's MC is so high at this stage, unless its insider buying ahead of a major farmout.. for example.
Postively a BYE, page-11
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Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $51.78M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.6¢ | $83.38K | 1.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2126772 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 27261 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
4.8¢ |
Change
-0.002 ( 4.00 %) |
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| Open | High | Low | Volume | ||
| 4.8¢ | 4.9¢ | 4.6¢ | 1215802 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| BYE (ASX) Chart |