Change of Adviser

RNS Number : 3149M

Baron Oil PLC

27 April 2018

 

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.

27 April 2018

Baron Oil Plc

("Baron Oil" or "the Company")

Change of Adviser

Appointment of Independent Non-Executive Director

Baron Oil (AIM: BOIL), is pleased to announce the appointment of SP Angel Corporate Finance LLP as the Company's nominated adviser and sole broker with immediate effect.

In addition, the Company has appointed Andrew Yeo as an independent Non-Executive Director with effect from 27 April 2018.

Over the last ten years, Andrew has gained significant expertise in the oil and gas sector, having had a variety of roles including private equity and operational and financial experience in exploration and production activities as CFO of Wessex Exploration PLC.  In addition, he brings 20 years' experience in multi-discipline corporate advisory services, having worked for UBS and ABN AMRO Hoare Govett before becoming a founder member of Evolution Securities, where he was a board member and executive director.  Andrew is currently an executive director of Path Investments plc (TIDM: PATH), an oil and gas company focused on the acquisition of production, or near production, oil and gas assets.

For further information, please contact:

Baron Oil Plc	[phone]
Malcolm Butler, Chairman & Chief Executive Officer
SP Angel Corporate Finance LLP	[phone]
Nominated Adviser and Joint Broker
Lindsay Mair, Richard Hail, Richard Redmayne

Appendix

Andrew Robert Yeo, aged 55, is or has been a director of the following companies over the past five years:

Current Directorships	Past Directorships
Path Investments plc	Hague and London Oil Plc
Path (Germany) Limited	Maghreb Exploration Limited
Praetorian Advisors 2 Limited	Northpet Investments Limited
	Wessex Exploration Limited
	Wessex Hydrocarbons Limited

Andrew Yeo was a director of Torridon Plc ("Torridon") until 18 July 2001. On 23 August 2001, the court made a winding up order and appointed Fraser James Gray of Kroll Buchler Phillips Limited as interim liquidator.  Torridon was dissolved on 15 December 2005.  The estimated total deficiency to creditors was £1,673,456.

There is no further information to be disclosed further to Schedule 2 paragraph (g) of the AIM Rules.

 

END

 

 

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