BYE 0.00% 5.4¢ byron energy limited

Something Cooking, page-49

  1. 4,827 Posts.
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    BYE will have a list of targets based on the chance of geological success , potential flow rate , potential resource size , probable gas / oil mix of production and difficulty to drill .
    F5 will be on that list but probably not the first .
    Operationally as seen in the aborted first well , it will not be an easy well to drill and there is no guarantee of geological success either. It is most definitely not a " No Brainer "
    Imho opinion that is not a phrase that can be used for exploration or appraisal drilling .

    BYE critically needs to have a well that adds to their cash flow that results from their next drill .

    I think F5 will be down the list.
    I think they will drill at least one or two wells on the new platform first.

    As a holder of OEL I would like to see F5 drilled as soon as possible as OEL has similar needs in its next drill as BYE but does not have the same options.
    I however doubt that OEL,s needs will come into consideration when BYE decides on its drilling schedule.
 
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