We now have a commercial discovery based on some good results in only secondary targets...light condensate, good porosity, a substantial column of 145 m above past oil/water contact...
BYE's share price has been between 70-90c for most of the last nine months without even a well having been drilled. Now we have a commercial discovery and the main target is to be drilled in the next few days, and the price is still within the old band! Sometimes it takes a while for the good news to sink in, or for the brokers' analysts to find time to check the results of the smaller explorers.
Will be amazed if the price doesn't jump on Monday.
BYE Price at posting:
88.0¢ Sentiment: Buy Disclosure: Unspecified