Baron Oil seeking Peru extension after seismic results
7th Mar 2016 15:17
(ShareCast News) - Baron Oil was set to remain in Peru for some time yet, with some encouraging data from its 100% owned Block XXI onshore project leading to the firm seeking a licence extension. The AIM-traded company sent representatives to meet with Perupetro in Lima on 3 March to review the resu
Read moreBaron Oil completes seismic work in Peru
1st Feb 2016 11:40
(ShareCast News) - Baron Oil was mulling over its options on Monday, having completed its seismic acquisition programme at its Block XXI project in Peru. The AIM-traded company said the total cost of the programme was $1.9m (£1.33m). Baron Oil said it now had a total of 170 kilometres of 2D seismic
Read moreInfrastrata gains final investment for Northern Irish oil well
19th Jan 2016 08:08
(ShareCast News) - Infrastrata, the AIM-listed oil explorer and gas storage company, has agreed several farm-out agreements to fund the drilling of its Woodburn Forest-1 well in Antrim, Northern Ireland. Following the 15% interest taken up by Ermine Resources in the PL1/10 licence, where the Woodbur
Read moreBaron Oil plunges after revealing cost of exiting Colombia project
19th Oct 2015 09:07
(ShareCast News) - Shares in Baron Oil plunged 12% early on Monday as the oil explorer said exiting the Nancy Burdine Maxine field will cost approximately $1m. The London-listed group said the field operator Inversiones Petroleras de Columbia, in which it holds a 50% stake, was in the process of com
Read moreBaron Oil receives positive update from Northern Ireland well appraisal
18th Jun 2015 08:51
Oil explorer Baron Oil said the drilling appraisal at the Islandmagee-1 well in Northern Ireland delivered positive results. The appraisal, whose object was to confirm the feasibility of the development of an underground gas storage facility in salt caverns, was conducted by petroleum exploration an
Read moreBaron Oil plunges as annual loss widens
17th Jun 2015 08:12
Shares in Baron Oil plunged over 10% early on Wednesday, as the oil explorer reported a wider annual loss due to increased impairment charges in Colombia. In the period to 31 December, the London-listed group posted a pre-tax loss of £3.35m, which was 11.6% wider than in the corresponding period in
Read moreBaron Oil surges on Peruvian seismic services deal
15th May 2015 16:31
Shares in Baron Oil rose almost 6% on Friday, after the oil and gas explorer said one of its subsidiaries agreed a seismic services contract with Houston-based GSS for a project in Peru. In a statement released on Friday, Baron said the total cost of the deal between GSS and Gold Oil Peru SAC for th
Read moreBaron Oil gets green light for Peru drilling
23rd Oct 2014 14:15
Latin America-focused Baron Oil hailed a "major breakthrough" as it gained approval for a drilling operation and said one of its blocks was likely to hold more oil than expected. Baron, formerly known as Gold Oil, said Perupetro had given the go-ahead to drill on its Z-34 block, which is estimated t
Read moreBaron Oil agrees farm-out deal with Brazilian miner
10th Sep 2014 12:07
Baron Oil has agreed a farm-out deal with Brazilian miner Vale Oil and Gas for block 21 onshore northwest Peru. Vale will transfer its entire 70% working interest in the block back to Baron, together with $3.5m, taking its interest to 100%. The results of a survey conducted on the block in late
Read moreBaron Oil reports £2.1m operating loss
2nd Sep 2014 10:19
Baron Oil, the South America-focused oil producer, slipped into losses in the first half of the year but has stabilised the business and cut costs. The AIM-listed company posted an operating loss of £2.1m in the six months ended 30 June, down from a profit of £289,000 in the same period in 2013. Th
Read moreBaron Oil signs farm-out deal with S&J Full Services
16th Jul 2013 10:41
Baron Oil's shares surged on Tuesday after the company announced a farm-out agreement with S&J Full Services in the Nancy- Burdine-Maxime (NBM) field, Colombia. The AIM-listed oil and gas firm will farm-out 50% of its interest in the field, which is located in the Putumayo Basin, to S&J. Baron Oi
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