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13.0¢ byron energy limited

Ann: MEL:Election to participate in drilling1st well-Bivouac Peak, page-10

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boysy1

4,496 Posts.

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30/06/18

12:25

Post #: 34056366
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Originally posted by cjan ↑

I think a lot of us are assuming something is not right at SM71, however we must remember the 3 month production rule.

Byron cannot release the numbers until after 3 months of production (September).

@cara stated the following on the Otto Energy page:

"they have heaps of oil at SM71....in fact in the video at the 121 Hong Kong O&G conference Chairman Jetter said it was the biggest shallow water discovery in 14 yrs and added we know what we have but can’t disclose it because of the 3 month production rule and an independent audit by Collarini due around Sept."

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The 3 month production rule was referring to reserve audit, no reason why they cannot and should not provide production updates now ...

BYE Price at posting: 35.5¢ Sentiment: None Disclosure: Not Held
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