Timor-Leste Second Licencing Round
REACH
7 March 2022
Baron Oil Plc
("Baron" or the "Company")
Timor-Leste Second Licencing Round
Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company, is pleased to note the closure of the Timor-Leste Second Licencing Round on 4 March 2022, which successfully resulted in a number of bids being submitted. A summary of these is now available on the Baron Home Page/Latest Presentation at https://www.baronoilplc.com/
The Company's fully owned subsidiary, SundaGas Banda Unipessoal Lda, conducted a detailed evaluation of the offshore blocks available in the Timor-Leste Second Licencing Round and concluded that it would be most appropriate to continue to focus its efforts on the existing operated Chuditch PSC.
For further information, please contact:
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Baron Oil Plc |
+44 (0) 20 7117 2849 |
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Andy Yeo, Chief Executive |
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Allenby Capital Limited |
+44 (0) 20 3328 5656 |
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Nominated Adviser and Broker |
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Alex Brearley, Nick Harriss, Nick Athanas (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)
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IFC Advisory Limited |
+44 (0) 20 3934 6630 |
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Financial PR and IR |
baronoil@investor-focus.co.uk |
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Tim Metcalfe, Florence Chandler |
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