Reabold Resource plc plans to drill the Dunrobin licence after a competent person’s report indicated 201 million barrels of unrisked prospective gross resources. DUNROBIN WEST North Sea licence P2478 partners comprise Reabold with a 36% working interest and Baron Oil plc and Upland Resources (UK Onshore) Ltd, each with 32%. The first exploration well is […]
Tag: Baron Oil plc
Baron submits JV bid in 33rd licensing round
Baron Oil plc said it had, as a joint venture non-operating partner, submitted an application in the UK offshore 33rd Round of licensing, conducted by the North Sea Transition Authority (NSTA). POTENTIAL The company said its bid was in line with its strategy to acquire “significant equity stakes” in potentially high impact oil and gas […]
Baron REX retail offer reaches two thirds target
Baron Oil plc raised gross proceeds of approximately £0.36 million through the REX retail offer, slightly less than two thirds its approximate target. TOTAL AMOUNT The company will issue a total of 302,856,299 new ordinary shares at the issue price. Baron Oil said yesterday it would offer existing shareholders up to 833,333,333 new ordinary shares of […]
Baron raises £6m for Timor Leste-North Sea assets
Baron Oil plc has conditionally raised £6 million before expenses via a placing, subscription and a retail offer. DIRECTORS’ DEALINGS The placing was for a total 4,166,666,667 new ordinary shares of 0.025p each in the company at 0.12 pence per new ordinary share. Chief executive Andrew Yeo subscribed for 8m new ordinary shares, taking his holding to 193m, […]
Baron Oil appoints Keith Bush as NED
Baron Oil plc has appointed Keith Bush as an independent non-executive director, with immediate effect. Mr Bush has a petroleum background and worked for more than 30 years in the energy industry. He spent six years with Amerada Hess Ltd followed by five years with Burlington Resources. Mr Bush then held senior management positions with […]
Baron Oil grants 175m incentive share options
Baron Oil plc has granted director Dr Andrew Butler share options over 175 million ordinary shares of 0.025 pence each in the company, at an exercise price of 0.07p. WELLS Dr Butler is a director of the company’s subsidiaries SundaGas (Timor- Leste Sahul) Pte. Ltd (TLS) and SundaGas Banda Unipessoal Lda (Banda). Banda operates the Timor-Leste […]