BYE 0.00% 5.4¢ byron energy limited

the magic one dollar

  1. 205 Posts.
    Wow, what a day for BYE, finishing at 1dollar. Congratulations to management on where the company is now poised to go.
    As per their recent announcement, drilling at SMI6 looks like starting next week. Apache who are beside Byron's SMI6 have pumped out millions of barrels of oil from the adjoining area. Have a look at the BYE recent presentation particularly the hot spots they are in and their projected reserves. I multiplied the reserves by $100 probably should have used $114 as the price per barrel of oil and almost fell over at the potential reward for this company and shareholders. Unless I'm very wrong in my calculations this is big, seriously big........no wonder the share price rocketed today. Interesting week ahead!!!
 
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Currently unlisted public company.

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