Ticking all the right boxes !,,, page-3

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Little T

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02/12/17

13:37

Post #: 29315459
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Originally posted by Little T ↑

Byron energy has been ticking all the right boxes recently.
1.Finding oil and gas in the Gulf of Mexico and the price of oil is rising very nicely.Current price is over $80 Aussie a barrel.
2.Obtaining plenty of very prospective leases in the Gulf of Mexico .
3.Raised plenty of capital so they are very well funded .
4.The expertise in seismic Oil technology is second to none.
5.The platform which costed about $26 million is in position.
6.The oil and gas pipelines have been attached to the platform.
7.The drill should arrive over the weekend subject to weather.They should be drilling within a week.
8.The drill is targeting two areas and if successful will be flowing a lot more oil by March .They already know that the D6 one of their targets has oil.
9.I believe that the company has been conservative in saying that the first well will be producing 1500 barrels of oil a day ,my estimate is 2000+a day
10.I estimate that the gas produced will be up to $10,000 a day .
With any luck re the drilling this stock will be on the fly ,30 cents does not look too far away .

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The drilling rig has now arrived and I think it should spud this weekend .The drilling rig is much bigger than the rig they used last time .I think there is not a lot of drilling action in the Gulf so the price of the rigs are quiet competitive .

BYE Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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Ticking all the right boxes !,,, page-3

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