Byron Energy Limited (AU:BYE) has released an update.
Byron Energy Limited has reported mixed results for two of its wells on the SM58 G platform, with the G4 well experiencing declining oil production and increasing water output, and the G5 well showing promising oil production but facing risks of sand-related damage. Remedial efforts are underway for G4, while G5 is under close observation to prevent premature shutdown. Despite the challenges, the company’s net sales as of April 20, 2024, remained solid at 1,718 barrels of oil per day and 2,158 million cubic feet of gas per day.
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