- CEO
- Maynard Venton Smith
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 480 Collins Street Melbourne VIC Australia 3000
- IPO Date
- Jan 30, 2014
- Business
- Byron Energy Limited (BYROF) is an independent oil and natural gas exploration, development and production company focused on shallow water blocks in the Outer Continental Shelf of the Gulf of Mexico offshore Louisiana, United States. The company serves energy markets through its operations as operator and holder of 50-100% working interests in multiple prospective blocks, including South Marsh Island Blocks 57, 58, 59, 60, 61, 66, 69, 70, 71; Eugene Island Blocks 62, 63, 76, 77; Main Pass Blocks 293, 305, 306; and Grand Isle Blocks 63, 72; offering oil and gas extraction from salt dome fields in approximately 25 feet of water using advanced seismic interpretation technologies such as RTM. Byron targets conventional oil-rich, high cash margin opportunities aided by proprietary prospect identification and drilling strategies, either as 100% operator or through farmouts to partners. Founded in 2005 and headquartered at Level 4, 480 Collins Street, Melbourne, Australia, the company maintains a U.S. operational presence in Lafayette, Louisiana.
In the year ended 30 June 2025, Byron records net production of 376,973 barrels of oil and over 847,573 mmbtu of natural gas, generating US$29.1 million in net sales revenue from its operated fields while reporting a net loss after tax of US$46.8 million amid ongoing development activities. The company voluntarily delisted from the Australian Securities Exchange (ASX:BYE) on 17 July 2024 following shareholder approval on 14 June 2024, citing chronic share price undervaluation distorting asset values, liquidity constraints hindering capital raises, farmouts and strategic transactions, and excessive dilution from equity funding needs. Post-delisting, Byron continues business operations as usual to maximize field production and pursue value-enhancing opportunities without public market distortions.