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2 Aug 2021 07:00
REACH
2 August 2021
Baron Oil Plc
("Baron Oil" or the "Company")
Shareholder Communications Update
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company with projects in South East Asia, Latin America and the UK, is pleased to announce a number of initiatives with the goal of improving shareholder communications.
Appointment of Financial PR and IR Adviser
Baron Oil is pleased to announce the appointment of IFC Advisory Limited ("IFC") as the Company's public relations and investor relations adviser with immediate effect.
IFC will advise the Company on all aspects of public relations and investor relations, including advising on publicity opportunities, media coverage and social media, together with facilitating improved shareholder communications. This will include arranging periodic online investor presentations, the first of which will be notified in due course, together with allowing interested parties to communicate any questions or other points for the Company by email through baronoil@investor-focus.co.uk.
Social Media
The Company recognises that for some shareholders it may be easier and more convenient to access information via social media through which further non-regulated information can be provided. For example, Timor-Leste, where the Company has a significant asset in terms of resources, ownership and potential value, is a relatively unknown area yet one which is currently experiencing high levels of regional activity.
The Company is therefore pleased to announce that it can now be followed on Twitter via @baronoilplc, and on LinkedIn via the Baron Oil plc page.
Additionally, the Company will utilise the DirectorsTalk service and future coverage of Baron Oil, together with interviews with management at appropriate times, will be found at: https://www.directorstalkinterviews.com
Research
Allenby Capital Limited's research on Baron can now be accessed through the Company's website or accessed directly at http://www.allenbycapital.com/research/research-BOIL.html
Website Update
A new section has been added to the Company's website to provide further background information on Timor-Leste and its oil and gas industry. Currently it consists of around 40 articles categorised under six headings - Economics, General, LNG, Oil & Gas, Regulatory and Technical. The new section - Timor-Leste Hub - will be updated periodically and can be found at https://www.baronoilplc.com/timor-leste-hub/
Commenting on the initiatives, Andy Yeo, Chief Executive Officer of Baron Oil, said: "Over the last 12 months we have made management changes, modified our strategy, taken control of the Chuditch project, funded our ongoing activities and assembled a strong portfolio of assets for the future. From here, we are keen to have a meaningful dialogue with all stakeholders and we hope that these changes will provide a broader and better means of communication, together with providing additional information of interest."
For further information, please contact:
Baron Oil Plc | +44 (0) 20 7117 2849 |
Andy Yeo, Chief Executive
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Allenby Capital Limited | +44 (0) 20 3328 5656 |
Nominated Adviser and Joint Broker |
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Alex Brearley, Nick Harriss, Nick Athanas (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)
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Turner Pope Investments (TPI) Limited | +44 (0) 20 3657 0050 |
Joint Broker Andy Thacker |
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IFC Advisory Limited Financial PR and IR Tim Metcalfe, Florence Chandler | +44 (0) 20 3934 6630 baronoil@investor-focus.co.uk |
About Reach announcements
This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation will continue to be disseminated as an RNS regulatory announcement and not on Reach.
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