Hello all, looking for some confirmation of my understanding here:
(1) this announcement states that the next resources and reserves report is "expect(ed) to result in a reserve upgrade for the D5 Sand and a re-classification of most of the B65 Sand from prospective resources to reserves"
(2) Just focussing on the B65 sand for a moment, this was stated in an announcement on 4th December that the F2 well targeting B65 had 1.616 mboe prospective resources net to Byron (see attachment below)
(3) Current P1 and P2 net to Byron from the September resources and reserves report and the above attachment is 2.269mboe
So ignoring the D5 for a moment, the B65 re-classification on its own adds some 70% to existing P1 + p2 reserves?
Am I reading this correctly? Any guidance much appreciated.
BYE Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
