Gross potential of 308 btf and 12600 mbo in Eugene island ., page-2

Yes, Little T, I saw this and it got me thinking. With BP, EI, and extended mapping of SM71 underway, this has a couple of implications which ought to be price sensitive over the next few months:

(1) Reserves and Resources Report, due out September-ish will show substantial increase in resources. Really substantial.
(2) Announcement of new drilling - but where ? BYE seem to be a little spoilt for choice at the moment. Maybe they will look to do a couple simultaneously, using finances provided by the farm-in deal with OEL.

Before any of that though we should get a decision on VR232 either tomorrow or in a week.

Personally I think the current price of BYE is a steal, I would buy more if I was not in pretty deep already.