BYRON Energy has signed an agreement with an unnamed private US company to acquire a 100% working interest in South Marsh Island 58, in a transaction which will expand the juniors hold over nearby acreage to its SM71 oil discovery, expanding its Gulf of Mexico footprint after beginning production last year.
Byron's acquisition of SM58 is within the recently reprocessed seismic data area and is located immediately between the company's SM57 salt dome and the SM73 field. Byron has also acquired a...
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