Australia's Byron Energy up on project lease in Gulf of Mexico

Byron Energy

15/09/2022 05:16

** Shares of independent oil and natural gas explorer Byron
Energy  BYE.AX  rise as much as 6.9% to A$0.155, hitting their
highest since July 29 
    ** BYE says it has been awarded the South Marsh Island 61
(SM61) project lease in the Gulf of Mexico  urn:newsml:reuters.com:*:nASXMcKMp
    ** Co says it was sole bidder for SM61 with a bid of
$130,260 
    The lease maintains firm's inventory and footprint in the
blocks, while extending the average lease maturity date, says
Chief Executive Maynard Smith  
    ** Stock posts its biggest intra-day percentage gain since
Sept. 8
    ** More than 841,000 shares change hands, vs the 30-day
average volume of 677,501 
    ** Stock has risen 26.1% this year, as of last close
    
  

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))