EXPLORATION

Byron hits oil at SM58-11 well

BYRON Energy was trading up 21.7% this morning, after it struck oil at its South Marsh Island 58-11 well in the Gulf of Mexico, giving it the confidence of a commercial development on the field.

Byron hits oil at SM58-11 well

  SM58-11 is the first of six possible wells on the 100% owned SM58 acreage in the Gulf and was drilled to a depth of 10,875 feet measured depth targeting the O Sands within the Cutthroat Prospect....

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