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
BYE Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
