Baron Oil plc increased its cash reserves in year of considerable progress from its assets in Timor-Leste and the UK. FINANCES Audited financial results for the year ended 31 December 2022 showed cash reserves of the Group had increased to £5,807,000 from a level at the preceding year end of £1,650,000. Pre-tax losses increased slightly […]
Tag: TL-SO-19-16 – production sharing contract – Chuditch gas field Timor-Leste
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 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 […]
Baron Oil continues focus on Chuditch
Baron Oil plc said it would continue to focus on its existing operated Chuditch gas PSC following the end of the second licensing round in Timor-Leste. CHUDITCH PSC The company’s subsidiary, SundaGas Banda Unipessoal Lda had conducted a detailed evaluation of the offshore blocks available in the round before concluding to focus on Chuditch. The […]