Baron Oil executes shareholders' agreement with SundaGas
22nd Apr 2020 09:31
(Sharecast News) - Exploration and production company Baron Oil has executed a shareholders' agreement with SundaGas Resources, governing the operation of SundaGas Timor-Leste Sahul, in which Baron now has a 33.33% shareholding, it announced on Wednesday.
Read moreBaron Oil relinquishes one licence on Inner Moray Firth
8th Apr 2020 12:25
(Sharecast News) - Baron Oil updated the market on the Inner Moray Firth (IMF) on Wednesday, having been awarded exclusive licenses over seven blocks and part blocks in the IMF, part of the UK continental shelf, under the 31st Offshore Licensing Round in September, alongside its joint venture partners.
Read moreBaron Oil joint venture rejects new licences after changes
1st Nov 2019 11:45
(Sharecast News) - Oil and gas exploration and production company Baron Oil updated the market on its UK operations on Friday, reporting that due to a recent change in the demarcation of the landward-versus-seaward licensing boundary, which has now placed most of the Poole Bay area under landward jurisdiction, the joint venture group operated by Corallian Energy has been informed by the Oil & Gas Authority that the more prospective areas in Blocks 98/11b and 98/12 - provisionally awarded to the joint venture in the 31st Seaward Licensing Round - could now form part of the area offered to the group.
Read moreBaron Oil busy following ?0.44m fundraising
26th Jun 2019 10:06
(Sharecast News) - Baron Oil updated shareholders on its operations on Wednesday, following the raising of a gross £0.44m through a placing and subscription earlier in the month.
Read moreColter partners plummet after well testing disappoints
8th Mar 2019 15:40
(Sharecast News) - Shares in Baron Oil, United Oil & Gas, Andalas Energy and Reabold Resources plummeted on Friday after test results showed the north part of the Colter prospect well is "unlikely to yield additional commercial volumes".
Read moreBaron Oil agrees to help drill two Corallian wells
25th Jul 2018 10:00
(Sharecast News) - Baron Oil has made an amendment its farm-out agreement with Corallian Energy and will now earn an 8% working interest in UK continental shelf licence P1918, agreeing to help fund the drilling of the Wick well in the Moray Firth and the onshore Colter well in the Weald basin.
Read moreBaron Oil nears completion of Peru production sharing contract
9th Feb 2017 09:38
(ShareCast News) - Baron Oil said it was on the verge of completing a Peruvian production sharing contract after the public deed was executed by its partners, which will see it receive $2m from its project partner. The deed, which formalises Baron's 20% carried interest in the Z-34 block PSC offs
Read moreBaron Oil narrows loss in difficult first half
27th Sep 2016 11:21
(ShareCast News) - Oil and gas exploration and production company Baron Oil announced its unaudited interim results for the six months to 30 June on Tuesday, reporting an an operating loss of £240,000 - down from £995,000 in the first half of the previous financial year. The AIM-traded firm said fol
Read moreBaron Oil shares up after modification to Islandmagee options
26th Sep 2016 15:29
(ShareCast News) - Baron Oil announced on Monday that it has agreed to a modification of the option it holds to acquire equity in Islandmagee Storage, the gas storage development company owned 90% by InfraStrata. On 19 August, InfraStrata announced that it had repaid a loan from the AIM-traded Baron
Read moreBaron Oil enters joint venture with SundaGas
23rd Sep 2016 08:50
(ShareCast News) - Baron Oil, a British oil and gas exploration and production company, has announced that it has entered into a joint venture with Singapore-based SundaGas. The firm hopes the move will create business opportunities in Southeast Asia. Chairman Bill Colvin said: "This offers a great
Read moreInfrastrata repays loan from Baron Oil early
19th Aug 2016 09:45
(ShareCast News) - InfraStrata repaid its loan from Baron Oil early but modified the terms of its loan agreement, extending the latter's right to buy into its Islandmagee development in exchange for a cash payment. In May 2015, Baron provided €1.8m to fund Infrastrata's working capital requirements
Read moreBaron Oil blames bureaucracy for Peruvian delays
17th Aug 2016 14:52
(ShareCast News) - Following recent meetings in Lima, Baron Oil update the market on its activities in Peru on Wednesday. The AIM-traded company said it has recently met Perupetro in its regular bi-monthly meeting to update the state oil and gas organisation on the ongoing activities in the block.
Read moreInfraStrata, Baron Oil to plug, abandon Woodburn Forest-1 well
16th Jun 2016 16:25
(ShareCast News) - Shares in InfraStrata and Baron Oil fell more than 20% after they confirmed the Woodburn Forest-1 well in Northern Ireland would be plugged and abandoned. The well, in County Antrim, was drilled to a depth of 2,000 metres and encountered two conventional sandstone reservoir interv
Read moreBaron Oil partner starts drilling at Woodburn, County Antrim
16th May 2016 13:35
(ShareCast News) - InfraStrata has begun drilling the Woodburn Forest-1 well in County Antrim, with Baron Oil owning a 10% interest of Northern Ireland Petroleum Licence PL1/10, in which the well sits. The well would be drilled to 2,000m and target three conventional sandstone reservoir intervals, t
Read moreInfraStrata presses on with drilling as Woodburn Forest hearing adjourned
13th May 2016 14:23
(ShareCast News) - Independent petroleum exploration and gas storage company InfraStrata made a public statement on the contentious Woodburn Forest project on Friday, promising to progress with its drilling programme as a possible injunction hearing loomed. On Thursday, the High Court in Northern Ir
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