Baron Oil Plc

Equities

BOIL

GB00B01QGH57

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:03 2024-04-24 am EDT			5-day change	1st Jan Change
0.0625 ^GBX	-5.30%		-9.42%	-30.56%

Apr. 23	Baron Oil names new chair and chief financial officer	AN
Apr. 23	Baron Oil Hires New Nonexecutive Chairman, CFO	MT

IN BRIEF: Baron Oil says Chuditch bank guarantee change complete

November 25, 2022 at 05:38 am EST

Baron Oil PLC - London-based oil & gas exploration and appraisal company - Completes changes to the Chuditch bank guarantee. Accordingly, it is now the provider of 100% of the collateral for the guarantee. Chuditch is located about 185 kilometres south of Timor-Leste, containing the Chuditch-1 gas discovery drilled by Shell PLC in 1998.

In early November, Baron Oil said it had conditionally raised GBP5 million in placing 4.17 billion new ordinary shares. It said about 15% of the net proceeds will be applied towards the Chuditch bank guarantee. Specifically, this is the extension of the USD1 million guarantee to August 1 next year with Baron providing 100% of the collateral for the guarantee going forward.

Current stock price: 0.17 pence, up 11% on Friday morning in London.

12-month change: up significantly from 0.07p

By Xindi Wei; xindiwei@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
SHELL PLC	2,907 GBX	+0.41%	+2.14%	232B
BRENT CRUDE OIL SPOT	88.13 USD	+0.10%	+1.33%	-
WTI	82.83 USD	+0.27%	+0.60%	-
BARON OIL PLC	0.0625 GBX	-5.30%	-9.42%	19.66M

Latest news about Baron Oil Plc

Baron Oil names new chair and chief financial officer	Apr. 23	AN
Baron Oil Hires New Nonexecutive Chairman, CFO	Apr. 23	MT
Baron Oil plc Announces Board Changes	Apr. 23	CI
Baron Oil Plc Appoints Rob Collins as Chief Financial Officer	Apr. 23	CI
System1 revenue jumps; Pathfinder amends deal	Apr. 16	AN
Baron Oil plc Provides an Update on Operational Activities and Plans on the TL-SO-19-16 Production Sharing Contract, Offshore Democratic Republic of Timor-Leste	Apr. 16	CI
EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO	Apr. 02	AN
Baron Oil plc Announces Andy Yeo Steps Down from the Board	Apr. 01	CI
Baron Oil surrenders licence; DG Innovate proposes JV	Mar. 28	AN
Empire Metals targets key milestones in Australia	Mar. 27	AN
Baron Oil CEO, Chairman Resign; New CEO Named	Mar. 15	MT
Baron Oil makes board changes amid strategic focus on South East Asia	Mar. 15	AN
Baron Oil plc Announces Chief Executive Officer Changes	Mar. 15	CI
Baron Oil plc Announces the Resignation of John Wakefield, as Non-Executive Chairman	Mar. 15	CI
Baron Oil declares fundraise successful but stock plunges	Feb. 16	AN
Baron Oil Raises GBP3.3 Million via Retail Offer, Share Placing, Subscription	Feb. 16	MT
Baron Oil raises GBP3 million through fundraising	Feb. 15	AN
Katoro Gold launches fundraising, eyes board shake-up	Feb. 12	AN
Baron Oil Unit Secures Site Survey Contract for Appraisal Well Offshore Timor-Leste	Feb. 12	MT
Baron Oil plc Announces Chuditch Operational Update	Feb. 12	CI
Seeing Machines revenue grows; Baron Oil strikes deal	Feb. 08	AN
Baron Oil Unit Closes Farm-Up Deal for Offshore Contract in Timor-Leste	Feb. 08	MT
Live Co stalls results; GCM requests suspension lift	Feb. 01	AN
Baron Oil's Timor-Leste Farm-Up Deal Becomes Unconditional	Feb. 01	MT
EARNINGS AND TRADING: Nanoco receives proceeds from Samsung litigation	Jan. 24	AN

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Company Profile

Baron Oil Plc is an oil and gas exploration and appraisal company focused on assets in Southeast Asia and the United Kingdom. The Company holds exploration acreage in the United Kingdom and Timor-Leste. The Company's projects include Timor-Leste TL-S0-19-16 PSC (Chuditch PSC) and United Kingdom Offshore License P2478 (Dunrobin). The Chuditch PSC is located approximately 185 kilometers (km) south of Timor-Leste, 100 km east of the producing Bayu-Undan field, 50 km south of the potential Greater Sunrise development and covers approximately 3,571 square kilometers in water depths of 50-100 meters. It holds a 75% working interest and operates Chuditch PSC, through its wholly owned subsidiary company, SundaGas Banda Unipessoal Lda. The Dunrobin covers blocks 12/27c, 17/5, 18/1 and 18/2 in the Inner Moray Firth area of the North Sea and contains the Dunrobin and Golspie prospects. Its subsidiaries include SundaGas (Timor-Leste Sahul) Pty. Ltd and Gold Oil Peru S.A.C.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-22 - Q4 2024 Earnings Release (Projected)

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Sector Oil Exploration & Production - Onshore

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Oil Exploration & Production - Onshore