Source - LSE Non-Regulatory
RNS Number : 8538D
Baron Oil PLC
07 March 2022
 

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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