Leni Gas & Oil gains rights to Byron Energy’s GoM assets

Offshore staff

LONDON -- Leni Gas & Oil has transferred its shareholding in Byron Energy from an indirect to a direct ownership of its US Gulf of Mexico oil and gas assets.

“We are pleased that Byron Energy’s shareholders have approved the transaction and under Australian law, where Byron Energy is incorporated, there is now a two to three week period required to fully transfer the rights in the Gulf of Mexico to LGO’s subsidiary which has now been properly established to hold the direct working interests in the producing Eugene Island oil and gas field,” says David Lenigas, executive chairman of Leni Gas & Oil.

10/20/2009