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Pin to quick picksBaron Oil Regulatory News (BOIL)

Share Price Information for Baron Oil (BOIL)

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NBM Field Update

7 Apr 2015 12:34

RNS Number : 4892J
Baron Oil PLC
07 April 2015
 



Baron Oil plc ("Baron Oil" or "the company")

 

Nancy Burdine Maxine field onshore Colombia

 

Baron Oil announces that crude oil production from the Nancy#1 well (which had been running at 400 bbls per day) was temporarily shut-in over the Easter weekend as the crude oil storage facilities located in the field area are now full.

 

Evacuation by tanker of the Company's produced crude oil had initially been interrupted by a request from Ecopetrol to suspend deliveries until they resolved certain internal issues at their delivery depot.

 

In addition, and quite separately, the local community group living around the field have blocked the Company's only exit route from the field and are requesting maintenance work be carried out on the key bridge that crosses the Acae river.

 

The Company anticipates that both these issues should be resolved quickly although it notes the bridge maintenance issue will require input from local government agencies as well as Ecopetrol. 

 

Baron Oil will keep shareholders advised of any developments.

 

For further information on the Company, visit www.baronoilplc.com or contact:

 

 

Baron Oil plc

Bill Colvin, Chairman and Chief Executive

 

+44 (0)7780 684108

Cantor Fitzgerald Europe (Nomad and Broker)

Sarah Wharry, Corporate Finance

Richard Redmayne, Corporate Broking

+44 (0)20 7894 7000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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