BYE 0.00% 13.0¢ byron energy limited

Slabbo.I have been doing some calculations on the potential oil...

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    Slabbo.I have been doing some calculations on the potential oil revenue to go thru the platform based on the following .
    1.Gulf of Mexico oil at $80 Aussie which is currently the price .
    2.The gas which comes out at the same time of which I have not included any value at this stage
    3.Barrels of oil production 1500 per day per well(current company estimate before more drilling this month )Based on 1 well revenue is $120,000 per day .$44 mill per year !!!
    4.Platform can handle 6 wells .
    5.Byron has to share sm71 and has bivpeak and owns 45 per cent of them .
    6.The new leases they own 100 percent of 2o of them and 50 percent of another .With their technology they are likely to find a lot more
    Based on the above and assuming they find enough oil to go thru the platform the revenue figures and ultimate profits are simply staggering !,,
 
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