Byron records impairment

BYRON Energy’s recorded a loss of US$4.82 million for the six months to December 31 and a loss after tax of  $2.9 million, higher than the previous period in 2016 owing to higher impairment expenses reflecting the relinquishment of two leases.

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GOM-focused Byron writes down dropped leases as production looms

 
The loss also reflected increased share-based payments and interest payments on the Metgasco convertible note. 
 
Byron had assets of $34.9 million, liabilities of $12.