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7 Mar 2022 10:36
REACH
7 March 2022
Baron Oil Plc
("Baron" or the "Company")
Timor-Leste Second Licencing Round
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, is pleased to note the closure of the Timor-Leste Second Licencing Round on 4 March 2022, which successfully resulted in a number of bids being submitted. A summary of these is now available on the Baron Home Page/Latest Presentation at https://www.baronoilplc.com/
The Company's fully owned subsidiary, SundaGas Banda Unipessoal Lda, conducted a detailed evaluation of the offshore blocks available in the Timor-Leste Second Licencing Round and concluded that it would be most appropriate to continue to focus its efforts on the existing operated Chuditch PSC.
For further information, please contact:
Baron Oil Plc | +44 (0) 20 7117 2849 | |
Andy Yeo, Chief Executive | ||
Allenby Capital Limited | +44 (0) 20 3328 5656 | |
Nominated Adviser and Broker | ||
Alex Brearley, Nick Harriss, Nick Athanas (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)
| ||
IFC Advisory Limited | +44 (0) 20 3934 6630 | |
Financial PR and IR | baronoil@investor-focus.co.uk | |
Tim Metcalfe, Florence Chandler | ||
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