Portfolio

All of Byron Energy’s blocks are located in the shallow waters of the Outer Continental Shelf and Transition Zone of the Gulf of Mexico, offshore Louisiana. The blocks have attractive geological characteristics which are highly favourable for hydrocarbon generation, accumulation and commercial development. Key features include:

• previous discoveries and production within most of the blocks;
• shallow water depths: 10 – 60m;
• variety of structures including salt domes, rollover closures, fault structures and anticlines;
• stratigraphic traps such as channel sands and bar sands;
• targets updip from known production, where sands can be intersected updip by 110 – 300m to prior oil production from the same reservoirs; and
• sandstones have typically 30% porosity and permeabilities around 500 millidarcies, thus making these excellent reservoirs.

Byron’s portfolio of properties (“Properties”) is currently 100% owned and operated by Byron, except for SMI 71 and VR232 where Byron has a 50% working interest.  Otto Energy Limited (“Otto”) has a 50% working interest in each lease.

* Working Interest (“WI”) and Net Revenue Interest (“NRI”).

** Both Otto and Metgasco Limited (“Metgasco”) have exercised an option to earn a 45% and 10% working interest respectively in Byron’s Bivouac Peak leases. If and when Otto and Metgasco earn their respective interests, Byron's interest will be reduced to 43% WI and 32.04% NRI.