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Baron Oil PLC Ord 0.025P (BOIL)

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11-Sep-2020 09:32 AM

Baron Oil losses more than double in H1 on higher costs

Baron Oil reported losses that more than doubled in the first half of the year on increased costs. For the six months ended 30 June 2020, pre-tax losses widened to £703K from £307K on-year. Administration expenses rose to £367K from
06-Sep-2019 08:21 AM

Baron Oil reports narrower losses on lower costs

Baron Oil reported narrower losses on lower costs and said it would be targeting investments in assets that combined high potential impact with relatively low risks and costs. For the six months ended 30 June 2019, pre-tax losses narrowed to $0.31m from
31-May-2019 10:00 AM

Baron Oil reports wider losses as costs rise on asset writedowns

Baron Oil reported wider annual losses on asset write downs after drilling the Wick Prospect was unsuccessful and caused costs to overrun. For the year ended 31 December 2018, pre-tax losses widened to £3.28m from £2.058m a year earlier.
05-Jan-2018 02:02 PM

Baron funds cleared from Guarantee Bond for Block Z-34

Baron Oil confirmed that the $3.6m held by Barclays Bank as guarantee for the work programme on the recently relinquished Peru offshore Block Z-34 is now available to the Company. The Company said that, following the release of these funds, the net cash
10-Nov-2017 07:16 AM

Baron relinquishes offshore Peru block

Baron Oil has announced that at an operating committee meeting in Lima yesterday those parties entitled to vote made a unanimous decision to relinquish Block Z-34, offshore Peru, and notify Perupetro. Baron said the block had been in force majeure since
21-Sep-2017 09:22 AM

Baron Oil losses widen

Baron Oil posted an operating loss of £1,430,000 for the six months to the end of June compared with a loss of £240,000 last time. After the end of the period, the company announced that the 2013 FIA on Peru block Z34 with UOGG had been term
11-Sep-2017 02:32 PM

Baron terminates farmin agreement with Union Oil

Baron Oil has announced that the Farmin Agreement (FIA) with Union Oil & Gas has been terminated and Baron has taken back its full 50% working interest share in Peru Block Z-34. Bill Colvin, Chairman of Baron commented: "UOGG's failure to abid
30-Jun-2017 01:10 PM

Baron Oil shareholders pass all resolutions at AGM

Baron Oil has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:10pm: (LON:BOIL) Baron Oil share price was 0p at 0.48p Story provided by StockMarketWire.com...
07-Jun-2017 09:03 AM

Baron Oil schedules AGM

Baron Oil will hold its annual general meeting at 200 Strand, London WC2R 1DJ, on 30 June at 11:00 a.m. At 9:03am: (LON:BOIL) Baron Oil share price was 0p at 0.45p Story provided by StockMarketWire.com...
02-May-2017 09:23 AM

Baron update on dispute with UOGG

Baron Oil and Union Oil & Gas Group have agreed that a dispute payment should not interfere with progress on the Cuy prospect drilling plans. Baron said that following constructive meetings in Montevideo, executives from the two groups had agreed that t
17-Mar-2017 09:05 AM

Baron in talks over farm-in payment

Baron Oil said its Peruvian subsidiary, Gold Oil Peru SAC, did not receive the $2 million due from Union Oil & Gas Group by the date specified in the farm in agreement. Baron said discussions were under way with UOGG in an attempt to resolve this issu
24-Feb-2017 09:44 AM

Baron farm-out deal gets final signatory

Baron Oil has confirmed that the public deed - the final document effecting the farm-out deal for Block Z-34 in Peru with Union Oil & Gas Group - has now been signed by the Central Bank of Peru. UOGG is now liable to pay Baron the sum of US$2m, on whi
24-Feb-2017 08:55 AM

Baron Oil farm-out delay

Baron Oil's farm-out deal for Block Z-34 in Peru with Union Oil & Gas Group is taking longer than expected, according to a statement issued last night. Baron announced on 9 February that a public deed effecting the assignment of a 30% interest in th
09-Feb-2017 09:37 AM

Baron's farm-out

Baron Oil expects the farm-in deal for Block Z-34 in Peru by Union Oil & Gas Group to be completed within 10 days. Baron said the public deed effecting the assignment of a 30% interest in the production sharing contract from its subsidiary, Gold Oil Peru
06-Jan-2017 08:51 AM

Baron Oil agrees loan to InfraStrata

Baron Oil has signed a loan facility agreement with InfraStrata with respect to the Islandmagee gas storage project in Northern Ireland. Under the terms of the agreement, Baron is providing a loan of up to £300,000 to InfraStrata, secured primarily
27-Sep-2016 09:52 AM

Baron Oil operating losses narrow

Baron Oil posts an operating loss of £240,000 for the six months to the end of June compared with £995,000 a year ago. Baron said that following the closure of its operations in Colombia, there was no revenue in the six months ended 30 June
26-Sep-2016 02:29 PM

Baron revises Islandmagee option

Baron Oil has agreed to a modification of the option held by it to acquire equity in Islandmagee Storage Ltd, the gas storage development company owned 90% by InfraStrata. On 19 August, InfraStrata announced that it had repaid a loan from Baron and had a
23-Sep-2016 07:25 AM

Baron Oil in south-east Asia JV

Baron Oil has entered into a joint venture with SundaGas Pte Ltd, a Singapore-based company, to search for new business opportunities in south-east Asia. SundaGas is a new exploration and production company, founded by Dr Andy Butler, formerly VP Busine
16-May-2016 07:42 AM

Baron notes start of Woodburn Forest-1 drilling

Baron Oil has noted an announcement today by InfraStrata regarding the commencement of drilling of the Woodburn Forest-1 well in Northern Ireland Petroleum Licence PL1/10. Under the terms of the farmout agreement announced on 19 January 2016, Baron will
13-May-2016 01:12 PM

Baron notes comments over Woodburn Forest project

Baron Oil's board has noted an announcement by InfraStrata regarding recent press comment on the Woodburn Forest project in Northern Ireland Petroleum Licence PL1/10. Under the terms of the farmout agreement announced on 19 January, Baron will earn
11-Mar-2016 08:35 AM

Baron notes start of NI wellsite construction

Baron Oil has noted the announcement today by InfraStrata regarding the start of wellsite construction for the Woodburn Forest-1 exploration well in Northern Ireland (Petroleum Licence PL1/10). Under the terms of the farmout agreement announced on 19 Ja
01-Feb-2016 08:09 AM

Peru seismic acquisition completed, says Baron

Baron Oil has confirmed that the onshore seismic acquisition programme in Block XXI, Peru, has been successfully completed by GSS and all the equipment is off hire. The total cost of the seismic programme was USD1.9 million. Baron has now acquired a tota
18-Jan-2016 09:26 AM

Baron update on Peru seismic acquisition programme

Baron Oil has issued an update on the seismic acquisition programme in Peru and the initial interpretation of the newly acquired data. Baron says that after some weather delays which held up delivery of the imported equipment plus the resolution of local
15-Dec-2015 08:57 AM

Baron starts seismic acquisition programme

Baron Oil has started the seismic acquisition programme in the area around the Minchales well location in the south of Block XXI, onshore Peru. The board anticipates that the 2D acquisition programme, which will cover 180 kms, will take around 60 days
27-Nov-2015 09:28 AM

Baron Oil reports slight delays at Peruvian well

Baron Oil has reported that it has begun its topography work in the area around the Minchales well location in the south of Block XXI, onshore Peru. The company's work timetable has been slightly delayed in obtaining local approvals and also seismic
 
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