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Little T. Are you saying 12.6 billion barrels of oil. Maybe not....

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17/06/18

22:19

Post #: 33768781
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Originally posted by Little T ↑

I had another look today on Byron Energy latest announcement on the recently awarded leases on Eugene Island .
What took my eye was the following.
1.The company has identified a number of high quality prospects using its proprietary RTM seismic data (which has been very accurate to date )with total in house mapped gross potential of 308bcf and 12,600 million barrels of oil.
2.The blocks are in a water depth of only 20 feet.
3..Many of the prospects are in an updip position to previous oil and gas production and are considered to be low to moderate risk drilling opportunities.
4.Our team of experienced professionals has worked this dataset thoroughly and folded historical production data in our analysis to identify these projects which will grow in value .
Sometimes announcements are overlooked .I think this one has certainly been overlooked

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Little T.
Are you saying 12.6 billion barrels of oil. Maybe not.

Thanks in advance

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