Questions for the Q and A13 Jun 2023 17:35
Some questions put forward to the company from investors in the Baron Oil telegram group. If you have any you would like to add please dm me on telegram @Jarvy55 thanks.
Q&A
1. The Chuditch CPR highlighted three LNG development scenarios, LNG processing at Greater Sunrise, LNG processing at Darwin and an infield LNG production at Chuditch (FLNG / PLNG). Please briefly outline development timeframes and cost for each option.
2. The BEOS 2023 presentation highlights the fastest development and export option as a hybrid FLNG solution, assuming a funding partner was on board, how quickly in theory could this be developed.
3. What are the reasons behind extending the PSC for six months at year 2 of the PSC given the initial reprocessing requirements have been met by Baron; rather than extending year 3. Further 3D seismic over prospects e.g. Chuditch NE expected?
4. What does the Board see as key milestones for Baron in achieving shareholder value/long-term success?
5. Define what kind of “post-termination benefits” make up some Directors remuneration.
6. Do Directors think it is reasonable to be paid, as a Director, for additional work in excess of contracted hours (excluding non-executive Directors)?
7. How does the board feel its engagement with shareholders has been over the past twelve months?
8. When does Baron expect a decision from the NSTA on the 33rd offshore licensing round?
9. If the Dunrobin joint operation is unable to attract funding for an exploration well at Dunrobin West prospect, is an extension possible or what options are available to the joint partners?
10. Baron would like shareholders to grant authority to Directors to allot/issue equity securities totalling £6,050,000 at the upcoming AGM. Explain, in detail, why shareholders should support these resolutions?
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