We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.002 | -2.99% | 0.065 | 0.06 | 0.07 | 0.0725 | 0.0625 | 0.07 | 310,920,345 | 13:04:55 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -1.39M | -0.0001 | -6.00 | 11.39M |
TIDMBOIL
RNS Number : 4438N
Baron Oil PLC
01 February 2021
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 (which forms part of domestic UK law pursuant to the European Union (withdrawal) act 2018) until the release of this announcement
1 February 2021
Baron Oil Plc
("Baron" or "the Company")
UK Licence P2478 Update
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, provides an update on licence P2478 in the United Kingdom, further to the Company's announcements of 29 April 2020 and 1 October 2020.
The exclusivity period for the work sharing agreement for licence P2478, Inner Moray Firth with a large European E&P Company ("Interested Party"), signed in April 2020 and extended in October 2020 at the request of the Interested Party, was completed on 31 January 2021. As agreed, the Interested Party's regional technical studies including the area of the P2478 licence have been presented to the Joint Venture partners Corallian Energy, Upland Resources and Baron (the "JV"). The exclusivity period has therefore ended, although the confidentiality period between the JV and Interested Party continues.
This licence, which contains the large Dunrobin and smaller Golspie prospects, was awarded to the JV in September 2019 as part of the UK 31(st) Offshore Licensing Round. The licence's current modest Phase A work commitment is for the JV to undertake reprocessing of legacy 2D and 3D seismic data and perform other studies in order to reduce risk and refine volumetric estimates ahead of making a "drill or drop" decision before the end of Phase A in July 2023.
Baron holds a 15% working interest in licence P2478.
Jon Ford, Technical Director of Baron, commented:
"The delivery of the technical studies by the Interested Party in relation to this highly prospective area has confirmed and enhanced our geological understanding and corroborated Dunrobin as a potentially attractive and substantial target. The JV will incorporate the results into the ongoing work including the seismic reprocessing in order to reduce further the pre-drill risk on the prospect."
For further information, please contact:
Baron Oil Plc +44 (0)20 7117 2849 Jon Ford, Technical Director Andy Yeo, Chief Executive Officer Allenby Capital Limited +44 (0)203 328 5656 Nominated Adviser and Joint Broker Alex Brearley, Nick Harriss, Nick Athanas (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking) Turner Pope Investments (TPI) Limited +44 (0)20 3657 0050 Joint Broker Andy Thacker, Zoe Alexander
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
UPDBRGDBBSDDGBC
(END) Dow Jones Newswires
February 01, 2021 02:00 ET (07:00 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