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6.1¢ byron energy limited

Rerating not far away, page-16

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325 Posts.

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25/01/18

18:38

Post #: 30578788
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Originally posted by 62strat ↑

Slabbo, the way I understand the production capacity of the platform is that it is capped at 5,000 bboe/d by safety regulations, which would include gas production.

Read the ann. re converting platform to a manned structure, it quotes something like 4,500 bopd and 5 Mmcfpd of associated gas.

That much gas equates to ~860 bboe, but the price that it fetches is nowhere near a bbl of oil. Current spot price for natural gas is ~US$3.06/mmbtu. There are ~6 times that (mmbtu's) in 1 bboe, so 1 bboe will fetch around $3.06 x 6 = $18.36.

Hope this helps with the calcs.

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Hi Slabbo , the rig is limited to 5000 bpd not the site. There are plenty of rigs nearby which have 15000 bpd and more limits it’s a issue only for the current rig. If well 3 is all good they might well use a different rig allowing far greater capacity daily. Have a great day tomoz

BYE Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.1¢		Change -0.005(7.58%)		Mkt cap ! $65.80M

Open	High	Low	Value	Volume
6.0¢	6.1¢	5.9¢	$9.848K	165.3K

Buyers (Bids)

No.	Vol.	Price($)
1	500000	6.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	170000	3

View Market Depth

No.	Vol.	Price($)
1	500000	0.063
2	7981	0.060
1	400000	0.056
1	1000000	0.055
1	188999	0.054

Price($)	Vol.	No.
0.070	170000	3
0.074	14000	1
0.075	400000	1
0.079	45000	1
0.080	68474	5

Last trade - 11.20am 29/04/2024 (20 minute delay)

BYE (ASX) Chart