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15 Dec 2015 08:30
15 December 2015
Baron Oil plc
("Baron " or "the Company")
Operations Update
The Board of Baron is pleased to confirm that it has now commenced the seismic acquisition programme in the area around the Minchales well location in the south of Block XXI, onshore Peru. The Board anticipates that the 2D acquisition programme, which will cover 180 kms, will take around 60 days to complete following which the data will be interpreted.
The seismic programme will fulfil the required work program for this period of the block ownership. The Board should be in a position in the 2nd quarter 2016 to make a decision on whether or not to drill an exploration well on this block.
For further information:
Baron Oil Plc
Bill Colvin (Chairman & CEO) Tel: +44 (0) 7780 684 108
Cantor Fitzgerald Europe
Nominated Adviser and Broker
Sarah Wharry (Corporate Finance) Tel: +44 (0) 20 7894 7000
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