Peru Block XXI Final Payment Received

RNS Number : 3410B

Baron Oil PLC

06 October 2015

 

6 October 2015

Baron Oil plc

("Baron" or "the Company")

Peru Block XXI Update

The board of Baron is pleased to announce that the Company's local subsidiary (Gold Oil Peru S.A.C.) is now in receipt of the final payment of $1.25 million from Vale Oil & Gas, Peru in relation to the farm out of Block XXI (announced on 10^th September 2014).

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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