" Oil Revenue Prepayment
During the June 2023 quarter Byron made the final repayment of US$1.625 million
under the prepayment facility.
As at the date of this report, Byron is finalising documentation with Shell Trading US (STUSCO), the Company’s
long established oil purchaser and primary hedge counterparty, for a 4th multi-draw prepayment facility to
provide access to future funding of up to US$22 million to be employed during the forthcoming
development drilling program, referred to below. As soon as the closing activities are finalisedByron will
update the market with additional detials."
Drilling Schedule
Further to the Company's ASX announcement on 27 June 2023, based on the latest information the Enterprise
264 (EOD 264) jack-up rig is still working for the other operator and is not expected to be available to Byron until
around mid-August 2023, subject to weather and other drilling delays.
Byron has selected all vendors, finalized drilling permits, and will commence operations on a two well drilling
program in direct continuation of the current operator once the rig is released."
" Oil Revenue Prepayment During the June 2023 quarter Byron made...
Add to My Watchlist
What is My Watchlist?