Cracking statement from chairman22 Apr 2020 09:26
I’m in.
Dr Malcolm Butler, Executive Chairman of Baron, commented…
"Now that our shareholding in SundaGas TLS is established, we look forward to the progress of the Timor-Leste project, which has the potential to make a step-change in the value of your Company. Following the recent Placing, our proposed work programme for 2020 and into 2021 in Timor-Leste, Peru and the UK is funded. Although we are not insulated from the recent gyrations in the oil price, it should be noted that the Company's assets are all in the pre-cashflow exploration phase and future development of the Chuditch PSC will be more dependent on increasing regional gas prices than on global oil prices as the SE Asian economies recover from the COVID-19 pandemic."