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13.0¢ byron energy limited

Ann: Byron High Bidder on 3 Blocks at GOM Lease Sale 251, page-11

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matyd

3,225 Posts.

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17/08/18

11:31

Post #: 34992431
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Originally posted by sharpeye ↑

Hi 6186mark,
Just as a side note, in the time I have held Byron shares and while watching them through my holdings in Otto energy, I have found that Byron under promises and over delivers- long may that continue.

However, the shares in Byron seem to be tightly held, and when good news is on the horizon, this stock seems to move slowly, then quickly to new highs, so watch carefully over the next month or two as i believe this may be the case soon.

The recent reserve upgrade was good, but we can still only produce 4000 BOP at this stage, so that may have been the reason for the recent spike and fall of late.
IF BP is drilled as a producer and SM74 follows as a producer also, with the imminent reserves upgrade, and SM71 re-entry coming up, we may be looking at a different animal as early as end of November this year.
IMO DYOR

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You nailed it with this paragraph,
I have found that Byron under promises and over delivers- long may that continue.
Very refreshing the way these boys go about things.

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