Baron Energy, Inc. Completes Phase-1 of Texas Panhandle Oil Reactivation Program; Moves Directly to Phase-2
May 08 2012 - 10:37AM
Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"),
an independent oil and gas company, announced today that Phase 1 of
its Texas Panhandle oil reactivation program in Hutchinson County,
Texas,has been completed and that Phase-2 is underway.
Management Comments
Ronnie L. Steinocher, President and CEO, said, "We have already
completed Phase 1 of a large, three-phase, oil reactivation program
and have now moved directly into Phase-2. We expect Phase 2
to be completed within 30 days and Phase 3 to follow directly
thereafter. Each phase consists of reworking 8-10 oil
wells."
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and
gas production, exploitation, and exploration company headquartered
in New Braunfels, Texas, with producing assets in the prolific oil
producing Permian Basin of West Texas and North Central Texas.
Baron owns production that is 100% oil, both operated and
non-operated, with working interests ranging from 12.5% to 100% in
oil fields located in Archer, Baylor, Garza, Hutchinson, Jones,
Runnels, Scurry, Taylor, and Young counties, Texas.
Baron's growth strategy centers on making accretive
acquisitions, production enhancement programs, reactivation
projects, and in-fill drilling, all within the Company's core area
of North, North Central, and West Texas.
For more information, please visit www.baronenergy.com.
Forward-Looking Statement
Certain statements in this press release that are not historical
facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
statements may be identified by the use of words such as
"anticipate," "believe," "expect," "future," "may," "will,"
"would," "should," "plan," "projected," "potential," "intend," and
similar expressions. Such forward-looking statements, involved
known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of Baron
Energy, Inc. (the "Company") to be materially different from those
expressed or implied by such forward-looking statements. The
Company's future operating results are dependent upon many factors,
including risk factors discussed in the Company's periodic fillings
with the Securities and Exchange Commission, which are available
for review at www.sec.gov, including the Company's Annual Report on
Form 10-K filed on October 23, 2009. The Company undertakes no
obligation to update any forward-looking statement, whether as a
result of new information, future events, or otherwise.
CONTACT: Baron Energy, Inc.
Investor Contact
Brad Holmes
(713) 654-4009
b_holmes@att.net
Baron Energy (CE) (USOTC:BROE)
Historical Stock Chart
From Jul 2024 to Aug 2024
Baron Energy (CE) (USOTC:BROE)
Historical Stock Chart
From Aug 2023 to Aug 2024