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Baron Oil Gives Up English Onshore PEDL330, PEDL345 Licenses

Thu, 11th Feb 2021 16:46

(Alliance News) - Baron Oil PLC said Thursday it has relinquished the PEDL330 and PEDL345 licenses, in Dorset, England, which were due to expire on July 31.

The AIM-quoted oil and gas exploration company held an 8% interest in both PEDL330 & PEDL345.

Baron earned the 8% interest in the onshore licenses in the summer of 2019. The Colter South discovery, has previously determined to contain 15 million barrels of oil - of which 1.2 million was net to Baron.

Shares in Baron Oil closed 0.1% lower in London on Thursday at 0.085 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

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Baron Oil Gives Up English Onshore PEDL330, PEDL345 Licenses

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