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Pin to quick picksBaron Oil Share News (BOIL)

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InfraStrata presses on with drilling as Woodburn Forest hearing adjourned

Fri, 13th May 2016 14:23

(ShareCast News) - Independent petroleum exploration and gas storage company InfraStrata made a public statement on the contentious Woodburn Forest project on Friday, promising to progress with its drilling programme as a possible injunction hearing loomed.On Thursday, the High Court in Northern Ireland was told that Mid and East Antrim Borough Council would re-examine disputed issues over drilling work at the forest by the beginning of next week.Local resident Richard Irwin won permission last week to seek a judicial review of the council's decision over the work.He believes development rights at the site should never have been granted to InfraStrata, saying the company should have gone through a full planning application due to the scale of the work involved.On Friday, InfraStrata confirmed that a date for an injunction hearing has not been set."A further request by the individual to seek an injunction to stop the drilling has not been pursued, and the company continues to progress with its drilling programme and will update the market as necessary," the firm's board said in a statement.InfraStrata claimed to have no further information on the matter, though it was aware of ongoing protest over the site."The local authority and other agencies have been, and are addressing complaints from the individual and protesters regarding the company's operations on the site, and the company has provided all possible cooperation in that respect."The case was adjourned for a week by Mr Justice Maguire on Thursday, given the council's commitment to rapidly re-examine the issues.Fellow AIM-traded company, Baron Oil, noted InfraStrata's statement but offered no further comment.It holds a farmout agreement with InfraStrata on the project, and will earn a 10% interest in it.
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7 May 2024 14:27

IN BRIEF: Baron Oil's UK North Sea licensing application rejected

Baron Oil PLC - London-based oil and gas exploration and appraisal company - Says its application as a joint venture non-operating partner in the UK offshore 33rd round of licensing to the UK North Sea Transition Authority has been unsuccessful. As a result, it has not been awarded any blocks in the licensing round.

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23 Apr 2024 17:05

Baron Oil names new chair and chief financial officer

(Alliance News) - Baron Oil PLC on Tuesday said it has appointed Gerry Aherne, bringing with him "a wealth of career experience in insurance and financial markets".

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23 Apr 2024 11:45

Baron Oil replaces chairman

(Sharecast News) - Exploration firm Baron Oil said on Tuesday the chairman John Wakefield has stepped down from the board as it made a series of changes to its governing structure.

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16 Apr 2024 20:19

TRADING UPDATES: System1 revenue jumps; Pathfinder amends deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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2 Apr 2024 12:26

EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO

(Alliance News) - The following is a round-up of executive changes by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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28 Mar 2024 14:28

TRADING UPDATES: Baron Oil surrenders licence; DG Innovate proposes JV

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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27 Mar 2024 18:47

TRADING UPDATES: Empire Metals targets key milestones in Australia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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15 Mar 2024 13:58

Baron Oil makes board changes amid strategic focus on South East Asia

(Alliance News) - Baron Oil PLC on Friday said it will make changes to its board to reflect its new strategic focus, with both its current chair and CEO departing.

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16 Feb 2024 13:18

Baron Oil raises £3.26m through placing, subscription and retail offer

(Sharecast News) - Baron Oil announced on Friday that it had raised a total of £3.26m through a fundraise.

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16 Feb 2024 11:37

IN BRIEF: Baron Oil declares fundraise successful but stock plunges

Baron Oil PLC - London-based oil and gas exploration and appraisal company - Confirms it has raised approximately GBP260,000 through retail offer for 528.0 million shares at 0.05 pence each. Company announced on Thursday that its recent "oversubscribed" placing and subscription had raised GBP3.0 million, with 6.00 billion shares priced at 0.025p each. Fundraise has therefore earned approximately GBP3.3 million in total. Baron expects placing, subscription and retail offer shares to be admitted to trading on AIM with effect on or around February 29.

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15 Feb 2024 18:30

Baron Oil raises GBP3 million through fundraising

(Alliance News) - Baron Oil PLC on Thursday said it has raised GBP3 million through a placing, subscription and retail offer.

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12 Feb 2024 19:44

TRADING UPDATES: Katoro Gold launches fundraising, eyes board shake-up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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12 Feb 2024 13:29

Baron Oil reports latest progress at SundaGas subsidiary

(Sharecast News) - Baron Oil updated the market on its operational activities at the TL-SO-19-16 production sharing contract (PSC) on Monday, offshore Timor-Leste.

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8 Feb 2024 20:13

TRADING UPDATES: Seeing Machines revenue grows; Baron Oil strikes deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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1 Feb 2024 18:47

TRADING UPDATES: Live Co stalls results; GCM requests suspension lift

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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