I'm not 100% sure, but I don't think that applies to the newly acquired assets. The four new leases are in the vicinity of the SM 71 oil project, however are separate projects.
Byron currently hold a 100% working and revenue interest in the new assets, however as they have done in the past they may sell half of their interest to raise funds.
Byron is the designated operator of SM71 and SM70, where the company owns a 50% Working Interest and a 40.625% Net Revenue Interest in each block.
