BYE 0.00% 13.0¢ byron energy limited

Ann: MEL:Election to participate in drilling1st well-Bivouac Peak, page-6

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  1. 426 Posts.
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    I think the answer to that is self-explanatory, given how poorly one of the wells is flowing, plus their production facility is under-utilised despite the drilling of three weeks, two of which had major stuff-ups. I'm guessing one the wells will be suspended in the short-term due to ever decreasing flow rates, and this is one of the reasons for not releasing regular flow data. Will they need to sink a 4th well?

    Don't get me wrong, I'm happy with the current revenue inflows, but it's disappointing things didn't go more smoothly.
 
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