March 2025 Quarterly Report Byron Energy Limited (Byron or the Company) provides the following quarterly review of its activities and financial position (March 2025 Quarterly Report). Summary
• Production for the March 2025 quarter was 85,414 barrels of oil and 329,097 mmbtu of gas (December 2024 quarter 104,956 barrels of oil and 158,925 mmbtu of gas)
• Net sales revenue for March 2025 quarter was US$ 7.4 million (US$ 7.6 million December 2024 quarter)
• Cash balance as at 31 March 2025 was US$ 2.9 million (31 December 2024 US$ 1.3 million)
• Borrowings as at 31 March 2025 were US$ 8.8 million (31 December 2024 US$ 11.8 million)
• Negotiated a maximum 24-month payment plan with vendors to assure the payment of approximately US$ 6.9 million of outstanding charges related to the SM71 F5ST BP1 well while maintaining ongoing normal course of business activities and debt service
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