Moving forward to becoming an oil producer.
Byron's CEO Maynard Smith said: "We are very pleased to have found and procured a tripod facility for our SM71 discovery. This is a major first step in the process of starting up production at SM71. Laredo is a wellrun, well known Gulf of Mexico construction company and we are happy to work with them in this capacity. Even with all the permitting and regulatory hurdles ahead we feel we can achieve start up in mid-2017. This acquisition of this facility truly puts us on the path to production at SM71 and will provide Byron and Otto a workable solution to exploit not only what we have found with the SM71 #1, but allows us to drill additional targets as we move forward".
Byron have done a great job here, finding a production facility for a low price and moving quickly on permits.
Otto will be a producer again by mid 2017.
Cheers all,
Moving forward to becoming an oil producer. Byron's CEO Maynard...
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