News Oil & Gas

Baron relinquishes Peru legacy asset

Baron Oil plc said it had relinquished its legacy licence Block XXI – El Barco in Peru and had its US$160,000 bank guarantee returned. ABANDONMENT The company’s decision followed frustrated attempts to access the area to conduct operations. Baron Oil added that it would, through its subsidiary Gold Oil Peru SAC, work with the Peruvian […]

Finance News Oil & Gas

Baron costs rise in year of ‘considerable progress’

Baron Oil plc said it made considerable progress last year by increasing its stake in oil and gas licences in Timor Leste and the UK. FINANCES The company’s interests include Timor Leste TL-SO-19-16 – Chuditch (75%), UKCS P2478 – Dunrobin (32%) and Peru Block XXI – El Barco (100%). Baron Oil’s audited financial results for […]