Sorry these numbers are not quite right
According to "SM71 Project Timeline & Platform Capex – July 1, 2017- Sep 2018" page 16. They expect 3000 BPD from 2 wells in SM7. Expected to come online in Feb 2018. The 3rd well is to be drilled in June and come online in July. Expecting a total of 4500 BPD. This will fund a further 3 wells in the area.
They project a net of $US2M per month from their share of that 3000BPD. However this was back in July when the price of oil was sub $50 per barrel. So lets adjust the figures to $US2.7M per month. or about $US90K per day or $AU112K. With that number going up in July when the third well is drilled.
So possibly a buy.
Sorry these numbers are not quite right According to "SM71...
Add BYE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.3¢ |
Change
-0.001(2.27%) |
Mkt cap ! $46.38M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.5¢ | 4.3¢ | $67.59K | 1.566M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1999999 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 408622 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
|
|||||
|
Last
4.4¢ |
Change
-0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 4.3¢ | 4.5¢ | 4.3¢ | 311933 | ||
| Last updated 15.44pm 17/05/2024 ? | |||||
| BYE (ASX) Chart |