Byron Energy (ASX:BYE) has increased its footprint into the US Gulf of Mexico and bought South Marsh Island Block 58 for US$4.25 million.
This block producing wellbore includes the associated South Marsh Block 69 platform and flowlines.
Byron Energy now holds all of the rights, title, and interest in and to the SM58 Lease Block with 100 per cent working interest and 83.33 per cent net revenue interest.
Lease assignments and other required filings have been submitted for customary recordation and regulatory approvals
Shares in Byron Energy (ASX:BYE) are flat at 32 cents.