Byron Energy Limited provided the following update on performance of the Company's SM69 E2, SM71 F4 and SM71 F2 wells. Byron mobilized a lift boat to the SM71 F platform on 31 October 2021 to carry out a through tubing recompletion from the depleted D5 Upper Sand to the Upper J1 Sand in the SM71 F4 (F4). The recompletion operations were finished on 14 November 2021 as planned and on budget. A total of 6 feet of perforations (at 12 shots per foot) were shot across the thin Upper J1 Sand. During the recompletion operation, difficulties were encountered in the setting of the cement packer resulting in the inability to perforate the full 10 feet interval across the multi lobe sand, as planned, and the lower 4 feet remains unperforated. After unloading the well of recompletion fluids and with the help of gas lift, Byron was able to begin oil production at a restricted rate of 10 barrels of oil per day. Following an injection test operation performed to identify the problem, it is apparent that the downhole screen and/or perforation tunnels are partially blocked or damaged, restricting production. The company is currently planning remedial work to commence in a couple of weeks. During the operation to recomplete the F4, an acid job was performed on the SM71 F2 (F2). There were good pressure indications when the acid job was pumped that the acid helped eliminate near well bore skin. The acid job resulted in a twofold increase in daily total fluid production from the B55 Sand to 50 barrels of total fluid per day with an oil cut of 60%. Daily F2 rates are currently 31 bopd, 101 thousand cubic feet of gas per day, and 21 barrels of water per day (bwpd). Prior to the acid job, production had fallen to 15 bopd with 5 bwpd. Production from the Company's SM69 E2 (E2) well began on 21 October 2021 as previously announced. Over the course of the past 30 days the well has been in continuous production despite the normal challenges associated with commissioning a new production separator and associated production equipment on the host SM58 G platform. Production of oil, gas, and any other liquids from the E2, located on SM69 E platform, flows to the Byron operated SM58 G platform where separation occurs before oil and gas are sent to sales pipelines. Daily oil production rates have been varied between 1,300 bopd and 700 bopd to help find the right producing conditions and reduce pressure drawdown on the completion to minimize the risk of sanding up the interval and to maximise ultimate oil recovery. Currently, Byron has limited the daily production rate to 870 bopd and 350 mcfgpd with a flowing tubing pressure of 635 psi. As is the case with most water drive reservoirs, the initial oil production tends to outrun water support and when the water support eventually arrives, the well will be adjusted so that the inflow of the water support matches the outtake of the oil as was done on the SM71 F3 well. The final rate could be higher or lower than the current rate. Byron will continue to monitor the performance of the E2 well and adjust production rates as necessary to maximize both near term cash flow and long-term oil and gas recovery. Maximizing recovery at appropriate production rates has been, and will continue to be, the Company's primary objective.