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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
  0.0025 3.23% 0.08 0.075 0.085 0.08 0.0775 0.0775 49,067,040 08:20:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -1.1 -0.0 - 8

Baron Oil PLC Peru Block XXI -- Release of Guarantee Bond

09/06/2022 7:02am

UK Regulatory (RNS & others)

Baron Oil (LSE:BOIL)
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RNS Number : 2342O

Baron Oil PLC

09 June 2022

9 June 2022


("Baron Oil" or the "Company")

Peru Block XXI - Relinquishment and Release of Guarantee Bond

Further to the Company's announcement of 19 April 2022, Baron Oil (AIM: BOIL), is pleased to announce the relinquishment of its legacy Licence Block XXI in Peru and the release and successful return of its US$160,000 Bank Guarantee.

Through its fully owned subsidiary in Peru, Gold Oil Peru SAC, the Company continues to work with Perupetro SA (the Peruvian national Oil & Gas Agency and Licensing Authority) to establish and file an Abandonment Plan.

As previously announced, the Company will be holding its Annual General Meeting ("AGM") on 28 June 2022, and it intends to issue an AGM Statement on the day of the AGM. Following the conclusion of the formal business of the AGM, the Company will be holding a question and answer session for those attending.

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 
 Kelly Gardiner (Sales and Corporate Broking) 
IFC Advisory Limited                                      +44 (0) 20 3934 6630 
Financial PR and IR 
Tim Metcalfe, Florence Chandler 

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(END) Dow Jones Newswires

June 09, 2022 02:02 ET (06:02 GMT)

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