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Baron Oil PLC - oil and gas exploration company with assets in the UK, Peru and Timor-Leste - Ahead of Tuesday's annual general meeting, Baron reports "significant" progress at 75% owned Chuditch asset in Timor-Leste, with reprocessing of the 3D seismic data now complete. Continues to engage with "multiple" potential farm-in partners for the asset.
Read moreBaron Oil PLC - oil and gas exploration company with assets in the UK, Peru and Timor-Leste - Relinquishes its legacy licence block XXI in Peru. Company also releases and returns its USD160,000 bank guarantee. Through its wholly-owned subsidiary, Gold Oil Peru SAC, the company will continue to work with Perupetro SA to file an abandonment plan.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read moreBaron Oil PLC - oil and gas exploration company with assets in the UK, Peru and Timor-Leste - Says it has requested the relinquishment of its legacy Block XXI license in Peru through its subsidiary Gold Oil Peru SAC. Explains that it has become "frustrated" in its attempts to access the area to carry out operations. To ask Perupetro SA, the Peruvian national oil & gas agency and licensing authority, to release the licensee's bank guarantee, which stands at USD160,000. Plans to establish and file an abandonment plan for approval by the relevant authorities thereafter.
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(Sharecast News) - Baron Oil updated the market on its offshore Timor-Leste Chuditch production sharing contract (PSC) on Wednesday, reporting that its local subsidiary SundaGas, which holds a 75% operating interest in Chuditch, had received interim products from seismic reprocessing.
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