Completion of changes to Chuditch Bank Guarantee

RNS Number : 5640H

Baron Oil PLC

25 November 2022

 

25 November 2022

Baron Oil Plc

("Baron", or the "Company")

Completion of changes to Chuditch Bank Guarantee

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and appraisal company, announces that the changes to the provision of the funds for the Deposit for the Guarantee and related matters, as described in the Company's announcement of 15 November 2022 have been successfully completed. Accordingly, Baron is now the provider of 100% of the collateral for the Guarantee.

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company at 07.00 on 15 November 2022.

For further information, please contact:

Baron Oil Plc	[phone]
Andy Yeo, Chief Executive
Allenby Capital Limited	[phone]
Nominated Adviser and Broker
Alex Brearley, Nick Harriss, Nick Athanas, George Payne (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
IFC Advisory Limited	[phone]
Financial PR and IR	[e-mail]
Tim Metcalfe, Florence Chandler

 

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