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8 February 2024
Baron Oil Plc
("Baron", or the "Company")
Completion of Farm-Up with TIMOR GAP
Further to the Company's announcements of 24 January 2024 and 1 February 2024, Baron Oil Plc (AIM: BOIL) is pleased to confirm that the Farm-Up Agreement between Baron's wholly owned subsidiary SundaGas Banda Unipessoal, Lda. ("SundaGas") and TIMOR GAP Chuditch Unipessoal Lda ("TIMOR GAP") in relation to the TL-SO-19-16 Production Sharing Contract (the "Chuditch PSC" or the "PSC"), offshore Democratic Republic of Timor-Leste, has completed.
Worth listening to from 16mins in https://youtu.be/c_ugjmpiq50?si=bC9l2Ks0eWLWPOLJ
With regards to Sp Angel do have to agree with him on the warrants side they should not of had warrants, but it does also sound very much like sour grapes and for an ex broker its very unprofessional behaviour. https://www.lse.co.uk/rns/ARCM/change-of-nominated-adviser-fwruelqj9etfqod.html
Bring it home ANDY and #sackTIM
Dr Andrew Butler
Director
Andy has over 27 years of experience in the oil & gas sector and is CEO of SundaGas Pte Ltd (“SGPL”). Previous roles have included VP of business development at Mitra Energy Ltd (now Jadestone Energy Plc) and new ventures manager and a principal consultant geologist at BG Group. He is currently the First Vice President of the South-East Asia Petroleum Exploration Society (SEAPEX) and is a Fellow of the Geological Society and the Society of Petroleum Engineers. He has a Ph.D in Geology from the University of Cambridge and a B.A. in Geology from the University of Oxford.
Oops looks like Santiago went short whats the matter pal no more insider info for you. This is the best news possible for Boil
Andrew Butler owns a lot of shares in Baron Oil, he is passionate about the assets and and works his socks off in Timor Leste he is not alifestyle bod member who wants to keep diluting at low prices. Roll on the Pr kicking off here and of course the other new bod members.
Finch since 2020 so you are all getting a good price today compared to what I paid, can't say I am impressed with the way this has been handled by the bod but at least we are now cashed up for Botswana and mainly we will take out a large seller, just the placing to churn then we should move, easy money for any one buying in now. Lots of news flow due over the month.
Good to see this moving back up https://invst.ly/13zp96
Http://www.anpm.tl/wp-content/uploads/2024/02/Marketing-Material-with-agenda-rev-4.pdf
So they take out the Swedes, buy some licences, have cash for Botswana drilling and directors can buy a load on the very lows due to their options being exercised at 7p. Placees will be ramping this to high heaven to convert their warrants. I expect this to churn through very quickly similar to He1. Not impressed that they did not raise at 4p after the Anglo deal but this is Aim full of BS.