Byron Energy South Marsh acquisition complete

Company News

by Rachael Jones

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.