BYE 0.00% 13.0¢ byron energy limited

Drilling not far away ???

  1. 811 Posts.
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    Drilling cannot be very far away for byron .The oil price is not great but the cost of the drilling and associated costs are very very cheap at the moment as I hear there are only 4 drills operating in the Gulf of Mexico ,down from 30 plus 18 months ago .The gulf is one of the very few areas where you can drill ,produce oil for $10 us and still make reasonable money with plenty of upside if the oil price gravitates up to $50 us plus.
 
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