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BOIL Baron Oil Plc

0.102
0.012 (13.33%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Baron Oil Plc LSE:BOIL London Ordinary Share GB00B01QGH57 ORD 0.025P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.012 13.33% 0.102 0.095 0.105 0.1125 0.09 0.09 1,707,739,674 16:40:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -1.71M -0.0001 -10.00 18.98M

Baron Oil PLC Update re. UK 33rd Offshore Licensing Round

07/05/2024 7:00am

RNS Regulatory News


RNS Number : 2862N
Baron Oil PLC
07 May 2024
 

 

7 May 2024

Baron Oil Plc

("Baron", or the "Company")

 

Update re. UK 33rd Offshore Licensing Round

 

Baron Oil Plc (AIM:BOIL) announces that it has been informed that its application, as a joint venture non-operating partner, in the UK offshore 33rd Round of licensing, conducted by the UK North Sea Transition Authority ("NSTA") (the "Licensing Round"), has been unsuccessful and consequently the Company has not been awarded any blocks in the Licensing Round.

 

Dr Andy Butler, Chief Executive of Baron, commented:

"We note that Baron has not been offered any blocks in the offshore UK licensing round, which, together with the previously announced relinquishment of UK licence P2478, means that the Company has fully withdrawn from the UK. We can now focus all our attentions on our core area of SE Asia, where we have an exciting and valuable asset in Timor-Leste, a highly experienced operating team and a pipeline of material new venture opportunities across the region."

 

For further information, please contact:                                                                              

Baron Oil Plc                                                                                      +44 (0) 20 7117 2849

Dr Andy Butler, Chief Executive Officer 

 

Allenby Capital Limited                                                                    +44 (0) 20 3328 5656

Nominated Adviser and Joint Broker      

Nick Athanas, Nick Harriss, George Payne (Corporate Finance)  

Kelly Gardiner, Stefano Aquilino (Sales and Corporate Broking) 

               

Cavendish Capital Markets Limited                                         +44 (0) 131 220 6939 / +44 (0) 207 397 8900

Joint Broker       

Neil McDonald, Pearl Kellie (Corporate Finance)               

Leif Powis (Sales)            

               

IFC Advisory Limited                                                                      +44 (0) 20 3934 6630

Financial PR and IR                                                                           baronoil@investor-focus.co.uk

Tim Metcalfe, Florence Chandler

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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