PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBaron Oil Share News (BOIL)

Share Price Information for Baron Oil (BOIL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.07
Bid: 0.065
Ask: 0.075
Change: 0.0025 (3.70%)
Spread: 0.01 (15.385%)
Open: 0.0675
High: 0.07
Low: 0.0675
Prev. Close: 0.0675
BOIL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
28 Jun 2022 22:02

CORRECT: Baron Oil notes progress at Chuditch and offshore license

(Correcting the description of Baron to reflect the relinquishment of its legacy licence block XXI in Peru earlier this month.)

Read more
28 Jun 2022 20:18

IN BRIEF: Baron Oil notes progress at Chuditch and offshore license

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 more
9 Jun 2022 17:57

IN BRIEF: Baron Oil gives up legacy licence on block XXI in Peru

Baron 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
31 May 2022 16:18

TRADING UPDATES: Sportech, GYG trade well, Supply@ME loss widens

(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
29 Apr 2022 21:39

TRADING UPDATES: Rotala buys buses; Aukett Swanke sells John R Harris

(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 more
19 Apr 2022 12:21

IN BRIEF: Baron Oil relinquishes license and withdraws from Peru

Baron 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.

Read more
8 Dec 2021 11:20

Baron Oil reports 'encouraging indications' from 3D reprocessing

(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.

Read more
11 Oct 2021 19:51

TRADING UPDATES: Baron Oil boosts P2478 stake amid Upland farmout pact

TRADING UPDATES: Baron Oil boosts P2478 stake amid Upland farmout pact

Read more
2 Sep 2021 13:20

TRADING UPDATES: Sharp profit performance from Gem Diamonds, Headlam

TRADING UPDATES: Sharp profit performance from Gem Diamonds, Headlam

Read more
18 Aug 2021 14:33

IN BRIEF: Baron Oil to fund work at UK P2478 licence for higher stake

IN BRIEF: Baron Oil to fund work at UK P2478 licence for higher stake

Read more
2 Aug 2021 18:04

IN BRIEF: Baron Oil hires IFC Advisory as public relations adviser

IN BRIEF: Baron Oil hires IFC Advisory as public relations adviser

Read more
14 Jul 2021 19:36

IN BRIEF: Baron Oil notes completed independent review of Chuditch-1

IN BRIEF: Baron Oil notes completed independent review of Chuditch-1

Read more
18 Jun 2021 19:20

IN BRIEF: Baron Oil to acquire 15% stake in SundaGas Timor-Leste

IN BRIEF: Baron Oil to acquire 15% stake in SundaGas Timor-Leste

Read more
27 May 2021 18:21

TRADING UPDATES: Charles Stanley profit falls amid revenue dip

TRADING UPDATES: Charles Stanley profit falls amid revenue dip

Read more
23 Apr 2021 11:31

AIM WINNERS & LOSERS: Bigblu Broadband rises on Quickline stake sale

AIM WINNERS & LOSERS: Bigblu Broadband rises on Quickline stake sale

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.