BYE 0.00% 13.0¢ byron energy limited

Ann: Byron High Bidder on 3 Blocks at GOM Lease Sale 251, page-10

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  1. 261 Posts.
    lightbulb Created with Sketch. 48
    Who knows why people sell ?
    Remember, Byron has a Mandate and track record of producing multi baggers . From Their web site see below:

    Combined Experience:
    • Over 140 years of oil and gas exploration the US GOM
    •Prior wells initiated by the Byron team in the GOM:
    •Have produced 22 million barrels of oil and 263 bcf of gas
    •Revenue generated at current prices $1.7 billion
    •115 producing wells from 141 attempts (>80% success rate)
    •Monetizing the Results:
    •Petsec Energy exit (‘93-’97) multiple of 26 X investment
    •Darcy Energy exit (‘00-’05) multiple of 11 X investment
    •Aurora Exploration exit (‘00-’12) multiple of 8 X investment

    The above gives be very good reasons not to sell.
    IMO DYOR
 
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