Byron Energy Limited (ASX: BYE) has signed a binding Secured Promissory Note with Crimson Midstream Operating, LLC to borrow US$15 million which will be used to fund the construction of the production platform at SM58. Crimson Midstream is a portfolio company of The Carlyle Group.
Apart from this, the company has also signed a long-term Oil Dedication and Transportation Services Agreement with Crimson Gulf for the transportation of oil at a per barrel rate.
There is also an option to increase the US$15 million borrowing amount based on the future production performance.
At AEST: 1:52 PM, BYE shares quoted $0.280.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.