The company announced on Thursday that its entitlement offer and placement closed fully subscribed, raising A$14.5 million (US$14 million) including oversubscriptions of A$2 million.
Byron said it planned to use the funds to explore and develop its wholly-owned shallow-water properties near the coast of Louisiana, starting with a drilling campaign in the South Marsh Island Block 6 targeting 3.2 million barrels of proven undeveloped oil reserves.
According
