Agree LP and Little T....BYE is substantially undervalued.
Also worth emphasising that BYE is restudying SM6 to see what other options exist...so not dead. You'd think that their study will complete in the not too distant future, so we could have news of further developments. Remember, the shallower sands at SM6 were declared commercial (at then, higher oil prices) but even at today's prices BYE most likely has a few million barrels of easy to extract and low cost development proven reserves.
BYE Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held