Byron hopes at Gulf of Mexico well dashed

ASX-LISTED junior oil producer and explorer Byron Energy hoped to make a major discovery at its South Marsh 58 exploration permit in the shallow waters of the US Gulf of Mexico, however today announced it had drilled a duster at its recently completed G2 well.

Byron hopes at Gulf of Mexico well dashed Byron hopes at Gulf of Mexico well dashed Byron hopes at Gulf of Mexico well dashed Byron hopes at Gulf of Mexico well dashed Byron hopes at Gulf of Mexico well dashed

 

Byron Energy's share price sunk more than 30% on Monday morning as it delivered the bitter news that its G2 exploration well at its 100%-owned South Marsh 58 offshore Block did not hold