Baron Energy, Inc. Engages Overton Capital Corp. to Assist With Producing Property Acquisitions and Other Financial Matters
February 04 2013 - 8:00AM
Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"),
an independent oil and gas company, announced today that it has
engaged Overton Capital Corp. ("Overton"), Dallas, Texas to assist
with financial matters relating to producing property acquisitions,
financial structures, and corporate development.
Management Comments
Ronnie L. Steinocher, President and CEO, said, "Baron has a
pipeline of pending strategic producing-property acquisitions. We
have engaged Overton Capital Corp. to advise and assist with the
development of funding options to facilitate the closing of
them."
Mr. Steinocher added, "We are very pleased to be working with
Overton and we expect to accelerate our acquisition program during
2013 which, coupled with our internal development program, will
open the door for anticipated future growth in revenues and
reserves."
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and
gas acquisition, production, and exploitation company headquartered
in San Marcos, Texas, with producing assets in North, North
Central, and West Texas.
Baron owns production that is 95% 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,
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.
About Overton Capital Corp.
Overton Capital Corp. is a Dallas-based private investment
banking firm that provides corporate advisory services and capital
markets expertise to both private and public energy companies
operating in the middle market. The firm specializes in capital
formation and strategic planning for E&P and oilfield services
companies requiring capital to support internal growth, project
development and acquisitions, with securities offered through WFG
Investments, Inc., member FINRA & SIPC. www.overtoncap.com
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 involve 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 August 13, 2012. 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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