BYE 0.00% 13.0¢ byron energy limited

Am I missing something here? In last year's reserves report...

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  1. 2,949 Posts.
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    Am I missing something here? In last year's reserves report EI63/76 reclassified reserves to resources, resulting in a 0.45mmboe change. This implies that EI63/76 had 0.45mmboe of resources after the reclassification.

    In the latest announcement they have said that the four blocks have 12,600 mbo - so 12.6mmboe. That is a 28 fold increase if my maths is correct.....

    Can someone pick a hole in my maths/logic? Otherwise that announcement has gone right under the radar (which it clearly has anyway!!).
 
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