Director Appointment

Baron Oil PLC

03 July 2023

 

3 July 2023

Baron Oil Plc

("Baron" or the "Company")

Director Appointment

Further to the Company's announcement on 19 June 2023, Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and appraisal company, announces that Dr. Andrew (Andy) Butler commenced his appointment to the Board of Baron as Director, Asia Pacific, on 1 July 2023.

Dr Andy Butler, commented:

"Having been closely associated with Baron for almost seven years, through our initial new venture partnership to the capture and de-risking of the TL-SO-19-16 PSC in Timor-Leste, I'm pleased now to be joining the Company as a Director. It is the right time for the Company, as we focus our efforts towards the appraisal drilling of the Chuditch gas discovery and the realisation of the value in the project for all of the Company's stakeholders."

Additional disclosures required under the AIM Rules for Companies

Pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies, Andrew John Butler, aged 52 is, or has during the last five years, been a director or partner of the following companies and partnerships:

Current Directorships or Partnerships	Previous Directorships or Partnerships
SundaGas Pte Ltd SundaVolt Pte Ltd SundaGas (Timor-Leste Sahul) Pte Ltd SundaGas Banda Unipessoal Lda	SundaGas (Holdings) Ptd Ltd. SundaGas Borneo B.V. SundaGas Indonesia Telen B.V. SundaGas (Indonesia) Pte Ltd. SundaGas Cambodia Pte Ltd.

Dr. Butler owns 628,601,442 ordinary shares in the Company ("Ordinary Shares"), equivalent to approximately 3.31% of the voting rights in the Company and has been granted 175,000,000 options over Ordinary Shares as announced on 14 July 2022.

For further information, please contact:

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

 

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