US Gulf of Mexico
Byron Energy (28.94% LGO)

• Private E&P focused on shallow water Gulf of Mexico and onshore US

• Company has rights to acquire 25% of Leed Petroleum (AIM: LDP) interests
   through a scouting agreement whereby Byron Energy is the acquisition and
   technical partner for Leed Petroleum’s portfolio

• Rights acquired on Eugene Island blocks 172, 183 and 184 with existing
   production and development drilling in progress. Additional rights include
   six oil and gas assets in varying stages of appraisal and development drilling

• CPR assessment (March 2008) of current Byron assets places net 2P at 
   36bcfe and 3P at 114bcfe
 


Technical Details
Byron’s Asset PortfolioByron’s Reserves
Current Production & Development

Byron Energy gross interests include 25% WI in the Eugene Island block 183, 25% WI in block 184 south (including 184A production facilities), 12.5% WI in block 184 north and 10.37% WI in block 172. The Eugene Island asset is located 50 miles offshore Louisiana in approximately 25m of water with production facilities designed to handle 30mmscfd, 10mbopd and 10mbwpd.


The average joint venture gross production is 1274 bopd and 5mmscfd, with recent successful development drilling of the A-7 well identifying 56m of TVD net pay in all six target sands.  Drilling of the A-8 and A2ST wells are planned immediately after A-7 completion. A significant production increase is forecast by end 2008 with A7, A8 and A2ST completion.


Technical Details
Net Oil Forcast Collarini March 08Net Gas Forcast Collarini March 08