We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0005 | 0.75% | 0.0675 | 0.065 | 0.07 | 0.0725 | 0.0675 | 0.07 | 167,917,034 | 08:01:44 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | -1.39M | -0.0001 | -7.00 | 13.29M |
From Apr 2019 to Apr 2024
TIDMBOIL
RNS Number : 8317S
Baron Oil PLC
08 November 2019
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
8 November 2019
Baron Oil Plc
("Baron" or "the Company")
Award to SundaGas of Chuditch PSC, offshore Timor-Leste
Baron Oil Plc, the AIM quoted oil and gas exploration and production company focused on opportunities in the UK, Latin America and SE Asia notes the provisional award on 8 November 2019 of the Timor-Leste offshore Chuditch Petroleum Sharing Contract (the "Chuditch PSC") by Autoridade Nacional do Petróleo e Minerais ("ANPM") to SundaGas Banda Unipessoal, Lda. ("SundaGas UL") a subsidiary of SundaGas Pte Ltd ("SundaGas"). The award will give SundaGas UL a 75% interest in the Chuditch PSC, with a carried 25% interest being held by TIMOR GAP, E.P. the national oil company of Timor-Leste. The PSC does not become effective until certain conditions have been fulfilled, including the posting of a Performance Bond
As shareholders will be aware Baron is entitled to be issued a 33.3% shareholding in the intermediate parent company of SundaGas UL. The Company is awaiting the full details of the PSC that was signed today and shareholders will be updated accordingly.
Dr Malcolm Butler, Executive Chairman of Baron, commented:
"Baron's entitlement to shares in the intermediate parent of SundaGas UL has the potential to add significant value to Baron and its shareholders. We look forward to receiving details of how SundaGas intends to move forward with this exciting project."
For further information, please contact:
Baron Oil Plc +44 (0)20 7117 2849 Malcolm Butler, Executive Chairman Andy Yeo, Managing Director SP Angel Corporate Finance LLP +44 (0)20 3470 0470 Nominated Adviser and Joint Broker Stuart Gledhill, Richard Hail, Richard Redmayne Turner Pope Investments (TPI) Limited +44 (0)20 3621 4120 Joint Broker Andy Thacker
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.
END
MSCEAFFPESSNFFF
(END) Dow Jones Newswires
November 08, 2019 07:00 ET (12:00 GMT)
1 Year Baron Oil Chart |
1 Month Baron Oil Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
