25 Jun 2015 05:15
Oil explorer Baron Oil said the drilling appraisal at the Islandmagee-1 well in Northern Ireland delivered positive results. The appraisal, whose object was to confirm the feasibility of the development of an underground gas storage facility in salt caverns, was conducted by petroleum exploration an
Read moreShares in Baron Oil plunged over 10% early on Wednesday, as the oil explorer reported a wider annual loss due to increased impairment charges in Colombia. In the period to 31 December, the London-listed group posted a pre-tax loss of £3.35m, which was 11.6% wider than in the corresponding period in
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