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I doubt BYE would farmout more of SM71 at this stage They...

  1. ronstieb
    6,352 Posts.
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    30/06/17
    15:00
    Post #: 25592943
    I doubt BYE would farmout more of SM71 at this stage
    They currently have a 40% net revenue interest, and when the well comes online (forecast ~600bopd net to BYE), they have to pay 12% interest ++ on their USD8M c/notes, plus Opex and G&A.
    MEL Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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