Operational Update

RNS Number : 0749J

Baron Oil PLC

15 December 2015

 

15 December 2015

Baron Oil plc

("Baron " or "the Company")

Operations Update

The Board of Baron is pleased to confirm that it has now commenced 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 to complete following which the data will be interpreted. 

The seismic programme will fulfil the required work program for this period of the block ownership.  The Board should be in a position in the 2nd quarter 2016 to make a decision on whether or not to drill an exploration well on this block.

For further information:

Baron Oil Plc

Bill Colvin (Chairman & CEO)                                         Tel: [phone]

Cantor Fitzgerald Europe 

Nominated Adviser and Broker

Sarah Wharry (Corporate Finance)                                 Tel:  [phone]

 

END

 

 

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