BYE byron energy limited

" Oil Revenue Prepayment During the June 2023 quarter Byron made...

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    " 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."
 
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Currently unlisted public company.

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