Australia's Byron Energy hits over 8-mth high on strong oil production
27/10/2021 04:59
** Shares of oil and gas explorer Byron Energy BYE.AX
surge as much as 13.3% to A$0.17, hits highest level since March
8
** Says daily oil production has been accelerating and has
risen 77% to about 2,063 barrels of oil per day till now at its
Gulf of Mexico facility urn:newsml:reuters.com:*:nGLF8cGDN8
** Says initial results show the SM69 E2 well has added 1.1
million barrels of oil and 0.52 billion cubic feet of gas of net
proven reserves to co's portfolio
** Stock marks biggest intraday pct gain since Aug. 12
** BYE is top pct gainer on ASX All Ordinary Index .AORD
** Stock has fallen 6.2% this year, as of last close
(Reporting by Navya Mittal)
((Navya.Mittal@thomsonreuters.com;))