Baron Energy, Inc. Provides Mid-Year Review Including a Significant Increase in Production
July 27 2012 - 8:00AM
Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"),
an independent oil and gas company, has placed its mid-year review
on its web site (www.baronenergy.com).
Management Comments
Ronnie L. Steinocher, President and CEO, said, "We have made
significant progress so far this year on both our acquisitions
program and our field work to raise production. This mid-year
review documents the past 6 months and provides a look forward at
the next 6 months of our 2012 program."
Mr. Steinocher added, "We are on target to complete a number of
milestones in the second half of 2012, including a substantial
increase in production and the closing of a number of
acquisitions. Equally important we plan to be fully SEC
reporting soon and will then move from the OTC Pinks to the
OTCQB. This upgrade in market listing will increase our
investor outreach and allow a new platform of potential
shareholders."
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and
gas acquisition, production, exploitation, and exploration company
headquartered in San Marcos, Texas, with producing assets in North
and West Texas.
Baron owns production that is 99% 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 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
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