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.
Crimson, which is owned by The Carlyle Group, agreed to loan Byron $15 million in November.
Otto uses different certifier to operator's annoyance
Byron updates reserves to help refinance
Byron finalising debt refinancing terms
Byron brings online new GOM well
