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 […]
Tag: Peru Block XXI – El Barco
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 […]
Baron Oil to relinquish legacy Peru block
Baron Oil plc today said it had requested the relinquishment of its legacy licence block XXI in Peru. OPPORTUNITIES The company added that since 2017 it had been frustrated in its attempts to access the area to carry out its operations. Baron previously set out four requirements necessary for its 100% subsidiary Gold Oil Peru […]