Byron cashed up for South Marsh development

BYRON Energy has drawn its second tranche of US$5 million (A$7.25 million) available under a promissory note with Crimson Midstream Operating and has allocated the cash to its upcoming drilling plans with Otto Energy at the South Marsh-71 project in the US Gulf of Mexico.

14 January 2020
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Crimson, which is owned by The Carlyle Group, agreed to loan Byron $15 million in November.

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